The New Concept of Planning: Duality with Market Forces

Michael Kaser, Dragomir Vojnić and László Csaba
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Michael Kaser: University of Oxford
Dragomir Vojnić: Institute of Economics
László Csaba: Kopint-Datorg Institute for Economic Informatics and Market Research Budapest

Chapter 5 in Market Forces in Planned Economies, 1990, pp 86-108 from Palgrave Macmillan

Abstract: Abstract Nearly thirty years ago Jan Drewnowski, in a seminal, but neglected, paper ‘The Economic Theory of Socialism: A Suggestion for Reconsideration’ (1961) proposed the division of any monetised economy into ‘the zone in which state preferences are supreme (the zone of state influence), the zone in which individual preferences are supreme (the zone of individual influence) and the zone in which state and individual preferences meet (the zone of dual influence). To determine which part of the national economy belongs to which zone means to define the nature of the economic system in question’ (p. 350). He pointed out that historical cases have existed where one of the two preference functions has been virtually exclusive of the other — Soviet ‘War Communism’ of the 1920s or the capitalism of a century ago — and that shifting the boundaries between them and with the intervening preference zone is constrained by property rights.

Keywords: Socialist Economy; Socialist Country; State Enterprise; Political Pluralism; Economic Subject (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11559-4_5

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DOI: 10.1007/978-1-349-11559-4_5

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