Top

Published in:

2015 | OriginalPaper | Chapter

Change and Continuity in National Economic Planning: A Methodological Survey

Author : Mehmet Babacan

Published in: Economic Planning and Industrial Policy in the Globalizing Economy

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

Understanding economic development as a change in economic life, Schumpeter (History of economic analysis, 2004, p. 63) argues that the explanation of economic development should be sought at the social facts outside the economic theory. Changes in economic data may be just pointing out to a simple adaptation of the economy while economic development encompasses wider and deeper changes in the structure of the economy.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Modern Economic Development Concepts

next chapter Japan’s Economic Growth and the Role of Government

Schumpeter (1954) pictures an economic system with a definite amount of resources to be distributed among “comrades” when he cites Wieser, Pareto and Barone as de facto economic planners or inspirers of a socialist economic modelling. Barone’s (1935) “The Ministry of Production in the Collectivist State” (in Collectivist Economic Planning, ed. F. A. Hayek) and Oskar Lange’s (1936b and 1936a) “On the Economic Theory of Socialism” are considered as pioneers in socialist economic planning theories that somehow compromise with the tools of neoclassical analysis, i.e., “market socialism.”

For further discussions on the relationship between perspective and operational planning, see Boratav (1982), pp. 46–50.

See Wellisz (1960), Kindleberger (1967) and Du Boff (1968) for detailed discussions on the rise and fall of different forms of indicative economic planning in Europe

The first is a resulting effect of a relatively large manufacturing sector which implies lower cost of producing final goods, while the latter is an outcome of large local market for intermediaries provided by a large final goods sector, as stated by Fujita et al. (2001, p. 240). A very useful assumption made by Fujita et al. (2001, p. 241) in this regard is treating the manufacturing industry as a single-sector for many goods. Therefore they manage to provide a input–output linkages without adding any new industries.

Acemoglu D, Robinson JA (2012) Why nations fail. Crown Business, New York

Ackoff RL (1977) National development planning revisited. Oper Res 25(2):207–218CrossRef

Aghion P, Howitt P (1992) A model of growth through creative destruction. Econometrica 60:323–51CrossRef

Arrow KJ (1958) Tinbergen on economic policy. Am Stat Assoc J 53(281):89–97CrossRef

Barone E (1935) The ministry of production in the collectivist state. In: Hayek FA (ed) Collectivist economic planning. Routledge & Kegan Paul, London, pp 245–290

Baum WC, Tolbert SM (1985) Development planning in investing in development: lessons of world bank experience. Oxford University Press, New York

Black J (1968) The theory of indicative planning. Oxf Econ Pap New Ser 20(3):303–319

Boratav K (1982) Sosyalist Planlamada Gelişmeler. Savaş Yayınları, Ankara

Bruno M (1970) Development policy and dynamic comparative advantage. In: Vernon R (ed) The technology factor in international trade. UMI, pp 25–72

Bylund PL (2013) Ronald Coase’s “Nature of the firm” and the argument for eonomic planning. McQuinn Center Working Paper 2013-04

Chenery HB (1961) Comparative advantage and development policy. Am Econ Rev 51(1):18–51

Christaller W (1933) Central places in southern germany. Englewood Cliffs: Prentice-Hall, translated by C. Baskin, 1966.

Coase R (1937) The nature of the firm. Economica 4(16):386–405CrossRef

De Wolff P, Van Der Linden JTJM (1988) Jan Tinbergen: a quantitative economist. Rev Soc Econ 46(4):312–325CrossRef

Du Boff RB (1968) The decline of economic planning in France. West Polit Q 21(1):98–109CrossRef

Easterly W (2002) The Elusive quest for growth. MIT Press, Cambridge

Easterly W (2006a) Reliving the 1950s: the big push, poverty traps and takeoffs in economic development. J Econ Growth 11(4):289–318CrossRef

Easterly W (2006b) The white man’s burden. Oxford University Press, New York

Estrin S, Holmes P (1990) Indicative planning in developed economies. J Comp Econ 14:531–554CrossRef

Fujita M, Krugman P, Venables AJ (2001) The spatial economy: cities, regions, and international trade. MIT Press, Cambridge

Hayek FA (1935) The nature and history of the problem. In: Hayek FF (ed) Collectivist economic planning. Routledge & Kegan Paul, London, pp 1–40

Isard W (1954) Location theory and trade theory: short-run analysis. Q J Econ 68(2):305–320CrossRef

Katzenstein PJ (1985) Small states in world markets: industrial policy in Europe. Cornell University Press, Ithaca

Kindleberger CP (1967) French planning in national economic planning. In: Millikan MF (ed) Columbia University Press, pp 279–304

Klosterman RE (1985) Arguments for and against planning. Town Plan Rev 56(1):5–20

Lange OR (1936a) On the economic theory of socialism, part one. Rev Econ Stud 4(1):53–71CrossRef

Lange OR (1936b) On the economic theory of socialism, part two. Rev Econ Stud 4(2):123–142CrossRef

Lange O (1949) The practice of economic planning and the optimum allocation of resources. Econometrica 17 Supplement: Report of the Washington Meeting, pp 166–171

Lavoie D (1985) National economic planning: what is left? Harper & Row, Cambridge

Lösch A (1940) The Economics of location. New Haven: Yale University Press, translated by W. H. Woglam and W.F. Stolper, 1954.

Malinvaud E (1992) The future of economic planning. Indian Econ Rev New Ser 27:15–24

Molitor GTT (2008) Visionary economic planning: plans, potential and progress. J Future Stud 12(4):93–108

Porter ME (1990) The competitive advantage of nations. Harv Bus Rev 68(2):73–93

Ranis G (1972) Relative prices in planning for economic development. In: Daly DJ (ed) International comparisons of prices and output. NBER, pp 287–302

Romer PM (1986) Increasing returns and long-run growth. J Polit Econ 94:1002–37.CrossRef

Romer PM (1990) Endogenous technological change. J Polit Econ 98:S71–S102.CrossRef

Rosenfeld SA (1997) Bringing business clusters into the mainstream of economic development. Eur Plan Stud 5(1):3–23CrossRef

Schumpeter JA (1954) History of economic analysis. Oxford University Press, New York

Schumpeter JA (2004) The theory of economic development, 10th ed. Transaction Publishers, New Brunswick

Stiglitz JE (1989) Markets, market failures, and development. Am Econ Rev 79(2):197–203

Tinbergen J (1956) Economic policy: principles and design. North-Holland Publishing Company, Amsterdam

Tinbergen J (1964) Central planning. Yale University Press, New Haven

Tinbergen J (1980) Development modelling: state of the art. Pak Dev Rev 19(2):91–99

Wellisz S (1960) Economic planning in the Netherlands, France and Italy. J Polit Econ 68(3):252–283CrossRef

Title: Change and Continuity in National Economic Planning: A Methodological Survey
Author: Mehmet Babacan
Publisher: Springer International Publishing
Book: Economic Planning and Industrial Policy in the Globalizing Economy
Print ISBN: 978-3-319-06473-4

Electronic ISBN: 978-3-319-06474-1

Copyright Year: 2015
DOI: https://doi.org/10.1007/978-3-319-06474-1_3

Springer Professional

Abstract

Please log in to get access to your license.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Springer Professional "Wirtschaft"

Premium Partner