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Planned Economies: The Heavy Legacy of a Failed Experiment and a Note on A.I. and Technosocialism

Author

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  • Cerna Silviu

    (Universitatea de Vest din Timişoara)

Abstract

A planned (socialist/communist) economy is a system/arrangement in which decisions are made by the state apparatus through a plan that sets production targets for a period of one year (annual plan) or several years (five-year plan). In the 1920s and 1930s, there was an intense debate in the economic literature about the possibility of economic calculation in socialism/communism.

Suggested Citation

  • Cerna Silviu, 2024. "Planned Economies: The Heavy Legacy of a Failed Experiment and a Note on A.I. and Technosocialism," Revista OEconomica, Romanian Society for Economic Science, Revista OEconomica, issue 01-2.
  • Handle: RePEc:oen:econom:y:2024:i:01-2:id:649
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    More about this item

    Keywords

    free market; socialism; economic calculation; central planning; artificial intelligence;
    All these keywords.

    JEL classification:

    • B50 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - General
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General
    • P00 - Political Economy and Comparative Economic Systems - - General - - - General

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