10 Facts About Central planning

Market economies that use indicative Central planning are variously referred to as planned market economies, mixed economies and mixed market economies.

Some decentralized participation in economic planning occurred across Revolutionary Spain, most notably in Catalonia, during the Spanish Revolution of 1936.

The specific forms of Central planning proposed for socialism and their feasibility are subjects of the socialist calculation debate.

Economist Robin Hahnel, who supports participatory economics, a form of socialist decentralized planned economy, notes that even if central planning overcame its inherent inhibitions of incentives and innovation, it would nevertheless be unable to maximize economic democracy and self-management, which he believes are concepts that are more intellectually coherent, consistent and just than mainstream notions of economic freedom.

Advocates of economic Central planning have sometimes been staunch critics of these command economies.

Related searches

Indicative Central planning is a form of economic Central planning in market economies that directs the economy through incentive-based methods.

Economic planning can be practiced in a decentralized manner through different government authorities.

Economist Pat Devine has created a model of decentralized economic planning called "negotiated coordination" which is based upon social ownership of the means of production by those affected by the use of the assets involved, with the allocation of consumer and capital goods made through a participatory form of decision-making by those at the most localized level of production.

Some decentralized participation in economic planning has been implemented in various regions and states in India, most notably in Kerala.

Some decentralized participation in economic planning has been implemented across Revolutionary Spain, most notably in Catalonia, during the Spanish Revolution of 1936.