Abstract
Centralized physical planning in socialist economies has received bad press among comparative economists. In this chapter, I take the Soviet economy — both before and after the reforms of the mid 1960s — as representing such economies.1 My concern is with the following question: what portion of the malfunctions which are commonly associated with centralized physical planning might more properly be explained by other economic features, each of which constitutes a set intersecting that set which consists of the feature of centralized physical planning?
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