Why is the Plan Incompatible with the Market?

Larissa Popkova-Pijasheva

The ANNALS of the American Academy of Political and Social Science, 1990, vol. 507, issue 1, 80-90

Abstract: Central administrative command planning and the market system are incompatible due to (1) the ex ante versus ex post method of pricing in the two systems; (2) the antithetical relation of mandatory instructions and economic freedom; and (3) the inability of state capital to compete successfully with private capital. No in-between construct of a socialist market system is viable. It has to be either plan or market.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:507:y:1990:i:1:p:80-90

DOI: 10.1177/0002716290507001009

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