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Indicative Planning
Indicative planning is a form of economic planning implemented by a state in an effort to solve the problem of imperfect information in market economies by coordination of private and public investment through forecasts and output targets. The resulting plans aim to supply economically valuable information as a public good that the market by itself cannot disseminate, or where forward markets are nonexistent. However, indicative planning takes only endogenous market uncertainty into account, plans the economy accordingly, and does not look into exogenous uncertainty like technology, foreign trade, etc. Indicative plans serve to complement and enhance the market, as opposed to replace the market mechanism, hence they are adopted in market-based and mixed economies and were most widely practiced in France and Japan before the 1980s. When utilizing indicative planning, the state employs "influence, subsidies, grants, and taxes o affect the economy but does not compel". Indicative pla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Planning
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy. There are various forms of economic planning that vary based on their specific procedures and approach. The level of centralization or decentralization in decision-making depends on the specific type of planning mechanism employed. In addition, one can distinguish between centralized planning and decentralized planning. An economy primarily based on planning is referred to as a planned economy. In a centrall ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socialist Market Economy
The socialist market economy (SME) is the economic system and model of economic development employed in the People's Republic of China. The system is a market economy with the predominance of public ownership and state-owned enterprises. The term "socialist market economy" was introduced by Jiang Zemin during the 14th National Congress of the Chinese Communist Party (CCP) in 1992 to describe the goal of China's economic reforms. Originating in the Chinese economic reforms initiated in 1978 that integrated China into the global market economy, the socialist market economy represents a preliminary or "primary stage" of developing socialism. Some commentators describe the system as a form of "state capitalism", while others describe it as an original evolution of Marxism, in line with Marxism–Leninism similar to the "New Economic Policy" of the Soviet Union, adapted to the cohabitation with a globalized capitalist system. Description The economic reform toward a sociali ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dirigisme
Dirigisme or dirigism () is an economic doctrine in which the state plays a strong directive (policies) role contrary to a merely regulatory interventionist role over a market economy. As an economic doctrine, dirigisme is the opposite of ''laissez-faire'', stressing a positive role for state intervention in curbing productive inefficiencies and market failures. Dirigiste policies often include indicative planning, state-directed investment, and the use of market instruments (taxes and subsidies) to incentivize market entities to fulfill state economic objectives. The term emerged in the post-World War II era to describe the economic policies of France which included substantial state-directed investment, the use of indicative economic planning to supplement the market mechanism and the establishment of state enterprises in strategic domestic sectors. It coincided with both the period of substantial economic and demographic growth, known as the Trente Glorieuses which followed ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mixed Economy
A mixed economy is variously defined as an economic system blending elements of a market economy with elements of a planned economy, markets with state interventionism, or private enterprise with public enterprise. Common to all mixed economies is a combination of free-market principles and principles of socialism. While there is no single definition of a mixed economy, one definition is about a mixture of markets with state interventionism, referring specifically to a capitalist market economy with strong regulatory oversight and extensive interventions into markets. Another is that of active collaboration of capitalist and socialist visions. Yet another definition is apolitical in nature, strictly referring to an economy containing a mixture of private enterprise with public enterprise. Alternatively, a mixed economy can refer to a reformist transitionary phase to a socialist economy that allows a substantial role for private enterprise and contracting within a dominant econo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adolph Lowe
Adolph Lowe (born ''Adolf Löwe''; 4 March 1893 – 3 June 1995) was a German sociologist and economist. His best known student was Robert Heilbroner. He was born in Stuttgart and died in Wolfenbüttel. Major publications of Adolph Lowe *''Arbeitslosigkeit und Kriminalität'', 1914. *"Zur Methode der Kriegswirtschaftsgesetzgebung", 1915, ''Die Hilfe'' *"Die freie Konkurrenz", 1915, ''Die Hilfe'' *''Wirtschaftliche Demobilisierung'', 1916. *"Mitteleuropäische Demobilisierung", 1917, ''Wirtschaftszeitung der Zentralmächte''. *"Die ausführende Gewalt in der Ernährungspolitik", 1917, ''Europäische Staats- und Wirtschaftszeitung'' *"Die Massenpreisung im System der Volksernährung", 1917, ''Europäische Staats- und Wirtschaftszeitung'' *"Die Fragen der Übergangswirtschaft", 1918, ''Die Woche'' *"Die Arbeiter- und Soldatenräte in der Demobilmachung", 1919, ''Europäische Staats- und Wirtschaftszeitung'' *''"Die Neue Demokratie", 1919, ''Der Spiegel'' *"Die Soziol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Zhang Baoshun
Zhang Baoshun (; born February 1950) is a retired politician of the People's Republic of China, and the former Communist Party Secretary of east China's Anhui province. Early life Zhang was born in Qinhuangdao, Hebei, on February 27, 1950. Career Zhang started working in November 1968, and joined the Chinese Communist Party in April 1971. He served in various posts in Qinhuangdao harbor administration bureau before entering Communist Youth League central committee in December 1978. From December 1982 to November 1985, Zhang was an alternate secretary of CYL central secretariat and director of CYL department of workers and peasants youth. He was elevated to a secretary of CYL central secretariat in November 1985, and the post was confirmed as the rank of vice minister in November 1991. From August 1982 to June 1987, he took correspondence courses at Renmin University of China and obtained a degree in Marxism-Leninism theory. From November 1991, he became the chairman of Chinese Y ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Lewis (Canadian Politician)
David Lewis (born David Losz; June 23 or October 1909 – May 23, 1981) was a Canadian labour lawyer and social democratic politician. He was national secretary of the Co-operative Commonwealth Federation (CCF) from 1936 to 1950 and one of the key architects of the New Democratic Party (NDP) in 1961. In 1962, he was elected as the Member of Parliament (MP), in the House of Commons of Canada, for the York South electoral district. While an MP, he was elected the NDP's national leader and served from 1971 until 1975. After his defeat in the 1974 federal election, he stepped down as leader and retired from politics. He spent his last years as a university professor at Carleton University, and as a travel correspondent for the ''Toronto Star''. In retirement, he was named to the Order of Canada for his political service. After suffering from cancer for a long time, he died in Ottawa in 1981. Lewis's politics were heavily influenced by the Jewish Labour Bund, which cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alf Landon
Alfred Mossman Landon (September 9, 1887October 12, 1987) was an American oilman and politician who served as the 26th governor of Kansas from 1933 to 1937. A member of the Republican Party, he was the party's nominee in the 1936 presidential election, and was defeated in a landslide by incumbent President Franklin D. Roosevelt. Born in West Middlesex, Pennsylvania, Landon spent most of his childhood in Marietta, Ohio, before moving to Kansas. After graduating from the University of Kansas, he became an independent oil producer in Lawrence, Kansas. His business made him a millionaire, and he became a leader of the liberal Republicans in Kansas. Landon won election as Governor of Kansas in 1932 and sought to reduce taxes and balance the budget in the midst of the Great Depression. He supported many components of the New Deal but criticized some aspects that he found inefficient. The 1936 Republican National Convention selected Landon as the Republican Party's presidential nomi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonid Kantorovich
Leonid Vitalyevich Kantorovich ( rus, Леони́д Вита́льевич Канторо́вич, , p=lʲɪɐˈnʲit vʲɪˈtalʲjɪvʲɪtɕ kəntɐˈrovʲɪtɕ, a=Ru-Leonid_Vitaliyevich_Kantorovich.ogg; 19 January 19127 April 1986) was a Soviet mathematician and economist, known for his theory and development of techniques for the optimal allocation of resources. He is regarded as the founder of linear programming. He was the winner of the Stalin Prize in 1949 and the Nobel Memorial Prize in Economic Sciences in 1975. Biography Kantorovich was born on 19 January 1912, to a Russian Jewish family. His father was a doctor practicing in Saint Petersburg. In 1926, at the age of fourteen, he began his studies at Leningrad State University. He graduated from the Faculty of Mathematics and Mechanics in 1930, and began his graduate studies. In 1934, at the age of 22 years, he became a full professor. Later, Kantorovich worked for the Soviet government. He was given the task of opti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Planning Agency
An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarcity, scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two grou ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1965 Soviet Economic Reform
The 1965 Soviet economic reform, sometimes called the Kosygin reform () or Liberman reform, was a set of planned changes in the economy of the USSR. A centerpiece of these changes was the introduction of profitability and sales as the two key indicators of enterprise success. Some of an enterprise's profits would go to three funds, used to reward workers and expand operations; most would go to the central budget. The reforms were introduced politically by Alexei Kosygin—who had just become Premier of the Soviet Union following the removal of Nikita Khrushchev—and ratified by the Central Committee in September 1965. They reflected some long-simmering wishes of the USSR's mathematically-oriented economic planners, and initiated the shift towards increased decentralization in the process of economic planning. Background Under Lenin, the New Economic Policy had allowed and used the concepts of profit and incentives for regulation of the Soviet economy. Stalin transformed thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexei Kosygin
Alexei Nikolayevich Kosygin ( rus, Алексе́й Никола́евич Косы́гин, p=ɐlʲɪkˈsʲej nʲɪkɐˈla(j)ɪvʲɪtɕ kɐˈsɨɡʲɪn; – 18 December 1980) was a Soviet statesman during the Cold War. He served as the Premier of the Soviet Union from 1964 to 1980 and was one of the most influential Soviet policymakers in the mid-1960s along with General Secretary Leonid Brezhnev. Kosygin was born in the city of Saint Petersburg in 1904 to a Russian working-class family. He was conscripted into the labour army during the Russian Civil War, and after the Red Army's demobilization in 1921, he worked in Siberia as an industrial manager. Kosygin returned to Leningrad in the early 1930s and worked his way up the Soviet hierarchy. During the Great Patriotic War (World War II), Kosygin was a member of the State Defence Committee and was tasked with moving Soviet industry out of territories soon to be overrun by the German Army. He served as Minister of Finance for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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