Planning by Forecast

J. N. Wolfe
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J. N. Wolfe: University of Edinburgh

Chapter Chapter 11 in Price Formation in Various Economies, 1966, pp 153-169 from Palgrave Macmillan

Abstract: Abstract It is a striking fact that in the last five years virtually every country in Western Europe (France, the Netherlands, Belgium, Ireland, Finland, Portugal, Spain, the U.K., Iceland, Cyprus, Germany, Italy, Norway and Sweden) has founded or developed bodies entrusted with the task of ‘economic planning’. The development of such organizations may seem in some ways rather surprising in view of the continuing reliance of most of these countries upon some measure of private enterprise in economic life. In none of these cases has the ‘planning’ body been given the power of directly imposing its plans upon the economy. Indeed there are few cases where even the whole of the existing power of the state would be capable of such enforcement, at any rate under existing legislation.

Keywords: Investment Decision; Demand Curve; Planning Body; Intermediate Good; Accurate Forecast (search for similar items in EconPapers)
Date: 1966
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-08467-8_11

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DOI: 10.1007/978-1-349-08467-8_11

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