This volume, originally published in 1979, examines systematically
the nature of control in both capitalist and socialist economies,
develops a theoretical and applied framework which can embrace both
macroeconomics and plannng and demonstates the essential unity of
all forms of macroeconomic planning by the consistent application
of basic economic principles. Firstly, the authors establish why
societies feel a need for government control and examine the
mechanisms by which such social decisions are reached. Next they
examine the nature of economic data, the modelling of economic
systems nad a review of practical policy goals and instruments. The
book then reviews the basic theory of optimisation and elaborates
it in the context of planning for growth, for stabilisation and
under uncertainty. It closes with an analysis of practical planning
based on French and Soviet experience.
General
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