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Integrating Investment and Annual Planning

Author

Listed:
  • Robin Hahnel
  • Allison Kerkhoff

Abstract

This article illustrates (1) how to determine an efficient division of output between aggregate consumption and aggregate investment in a way that is democratic and participatory, and (2) how annual and investment planning can be integrated to improve outcomes as more accurate information becomes available. The article is of general relevance to the literature on economic planning, but is of particular interest to a post-capitalist “model†known as “participatory economics.â€

Suggested Citation

  • Robin Hahnel & Allison Kerkhoff, 2020. "Integrating Investment and Annual Planning," Review of Radical Political Economics, Union for Radical Political Economics, vol. 52(2), pages 222-238, June.
    • Handle: RePEc:sae:reorpe:v:52:y:2020:i:2:p:222-238
    DOI: 10.1177/0486613419854821
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    More about this item

    Keywords

    democratic planning; investment planning; socialist planning;
    All these keywords.

    JEL classification:

    • P21 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Planning, Coordination, and Reform
    • B51 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Socialist; Marxian; Sraffian

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