Planned economy  

From The Art and Popular Culture Encyclopedia

"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.

Related e

Wikipedia Wiktionary Shop Featured: Rhombicuboctahedron by Leonardo da Vinci

Economic planning is a resource allocation mechanism that is contrasted with the market mechanism. As a coordinating mechanism for socialist economics, economic planning substitutes factor markets and is defined as a direct allocation of resources. This is contrasted with the indirect allocation mechanism of a market economy. There are various types that economic planning procedures and forms planning can take.

See also

• Calculation in kind
• Council democracy
• Dirigisme
• Economic democracy
• Econometrics
• Indicative planning
• Mixed economy
• Participatory planning
• Planned economy
• Socialization (economics)
• Socialist economics
• Technocracy