Difference between revisions of "Central planning"
Jump to navigation
Jump to search
DavidB4-bot (talk | contribs) (clean up & uniformity) |
m (Link) |
||
| Line 1: | Line 1: | ||
'''Central planning''', in [[economics]], is the idea that [[big government]] [[bureaucrat]]s are better than private individuals at choosing what to produce and how much to sell it for. The prosperous [[First World|industrialized nations]] of the [[democratic]] [[The West|West]] generally believe in the [[free market]] principle whereby no transaction is made unless both [[buyer]] and [[seller]] feel that they benefit. | '''Central planning''', in [[economics]], is the idea that [[big government]] [[bureaucrat]]s are better than private individuals at choosing what to produce and how much to sell it for. The prosperous [[First World|industrialized nations]] of the [[democratic]] [[The West|West]] generally believe in the [[free market]] principle whereby no transaction is made unless both [[buyer]] and [[seller]] feel that they benefit. | ||
| − | In his 1932 book ''A Planned Society'', George Soule argues that the [[World War 1]] era [[War Industries Board]] is a model for planning.<ref>[https://books.google.com/books/about/A_Planned_Society.html?id=yGVMAAAAIAAJ A Planned Society]</ref><ref>{{cite book|url=https://books.google.com/books?id=ituDR07GtooC&pg=PA116|last1=Stabile|first1=D. R.|last2=Kozak|first2=A. F. |title=Markets, Planning and the Moral Economy: Business Cycles in the Progressive Era and New Deal|date=2012|publisher=Edward Elgar Publishing|isbn=978-1781006771|pages=116}}</ref> | + | In his 1932 book ''A Planned Society'', [[George Henry Soule Jr.]] argues that the [[World War 1]] era [[War Industries Board]] is a model for planning.<ref>[https://books.google.com/books/about/A_Planned_Society.html?id=yGVMAAAAIAAJ A Planned Society]</ref><ref>{{cite book|url=https://books.google.com/books?id=ituDR07GtooC&pg=PA116|last1=Stabile|first1=D. R.|last2=Kozak|first2=A. F. |title=Markets, Planning and the Moral Economy: Business Cycles in the Progressive Era and New Deal|date=2012|publisher=Edward Elgar Publishing|isbn=978-1781006771|pages=116}}</ref> |
==See also== | ==See also== | ||
| Line 11: | Line 11: | ||
==References== | ==References== | ||
| − | + | {{reflist|1}} | |
{{Economic preparedness topics}} | {{Economic preparedness topics}} | ||
Revision as of 15:54, December 29, 2016
Central planning, in economics, is the idea that big government bureaucrats are better than private individuals at choosing what to produce and how much to sell it for. The prosperous industrialized nations of the democratic West generally believe in the free market principle whereby no transaction is made unless both buyer and seller feel that they benefit.
In his 1932 book A Planned Society, George Henry Soule Jr. argues that the World War 1 era War Industries Board is a model for planning.[1][2]
See also
- Obamanomics: Obamunism Economic planning of the Obama administration fiscal policy, Obama administration monetary policy, Obamacare, Federal funding via Crony capitalism (Obama donor list), Deficit spending, Similarities between Communism, Nazism and liberalism, Obamageddon
- National debt: Federal Reserve System's Ponzi scheme of Quantitative easing-Debt monetization devaluation of Fiat currency through Money supply-Treasury bills bought mostly by China and Japan
- John Maynard Keynes' liberal Keynesian economics of Barack Obama
- Stuart Chase
- Nudge (book)
References
- ↑ A Planned Society
- ↑ (2012) Markets, Planning and the Moral Economy: Business Cycles in the Progressive Era and New Deal. Edward Elgar Publishing, 116. ISBN 978-1781006771.
