Economic Planning

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Economic Planning in Developing Economies

This entry reviews planning models as applied to developing countries. Aggregative, sectoral and project appraisal techniques are discussed. It is seen that while there was signi…cant progress in the post-war period in devising sophisticated techniques, the ascendancy of market friendly reforms in the recent era has emphaized the use of dynamic and computable general equilibrium models. Many of...

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Problems of planning economic policy

The word ‘planning’ is often used to denote the technical elaboration of the means needed for the implementation of a policy which is considered as already given. This use of the word, however, obscures an important element in the concept of planning: far from being given a priori, an economic policy needs itself to be planned or, shall we say, designed. Some of the principal problems connected...

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An Economic Model of the Planning Fallacy

People tend to underestimate the work involved in completing tasks and consequently finish tasks later than expected or do an inordinate amount of work right before projects are due. We present a theory in which people underpredict and procrastinate because the exante utility benefits of anticipating that a task will be easy to complete outweigh the average ex-post costs of poor planning. We sh...

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Economic planning, computers and labor values

Since the collapse of the Soviet Union it has seemed to many that the socialist calculation debate is essentially over, with a decisive verdict in favor of the market. Recent instabilities in the world market are again prompting the question whether some form of conscious regulation of economies may be appropriate. We argue that the increasing power of modern computer technology along with the ...

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Integrating economic costs into conservation planning.

Recent studies that incorporate the spatial distributions of biological benefits and economic costs in conservation planning have shown that limited budgets can achieve substantially larger biological gains than when planning ignores costs. Despite concern from donors about the effectiveness of conservation interventions, these increases in efficiency from incorporating costs into planning have...

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ژورنال

عنوان ژورنال: Nature

سال: 1963

ISSN: 0028-0836,1476-4687

DOI: 10.1038/198119a0