Planned economy

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"Machines for living:" for various critics, including Tom Wolfe, the Pruitt-Igoe housing project illustrated both the essential unlivability of Bauhaus-inspired box architecture, and the hubris of central planning.

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Rhombicuboctahedron by Leonardo da Vinci

A planned economy is a type of economic system where investment and the allocation of capital goods is performed through economy-wide economic and production plans. A planned economy may be based on centralized, decentralized or participatory forms of economic planning.

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-A '''planned economy''' is an [[economic system]] in which decisions regarding production and investment are embodied in a plan formulated by a central authority, usually by a public body such as a government agency.
+A '''planned economy''' is a type of [[economic system]] where investment and the allocation of [[capital good]]s is performed through economy-wide economic and production plans. A planned economy may be based on [[Centralization|centralized]], [[Decentralized planning (economics)|decentralized]] or [[Participatory economics|participatory]] forms of [[economic planning]].
 ==See also==
 * [[Calculation in kind]]