Cycles in Socialist Economies

Domenico Mario Nuti ()
Additional contact information
Domenico Mario Nuti: University of Rome

Chapter 6 in Collected Works of Domenico Mario Nuti, Volume I, 2023, pp 151-157 from Palgrave Macmillan

Abstract: Abstract In the Marxist-Leninist project of socialist economy the elimination of cycles in economic activity is the expected result of central planning replacing the ‘anarchy’ of capitalist markets. Ex-ante coordination of the activities of government, households and firms according to a consistent, feasible and efficient plan should, in principle, ensure the continued full employment of labour and other resources along smooth growth paths instead of the recurring bouts of booms and recessions and persistent unemployment characteristic of capitalism.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-031-12334-4_6

Ordering information: This item can be ordered from
http://www.palgrave.com/9783031123344

DOI: 10.1007/978-3-031-12334-4_6

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().