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Planning from the bottom up

In: Approaching Equality

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Idealists of the left have often called for “planning from the bottom up.†This chapter discusses the failures of Soviet-type planning, but then discusses some examples of planned resource allocation processes within a limited sphere in predominantly market economies that seem to fit the description as “planning from the bottom up.†One instance is the grant-making process of the National Science Foundation. The chapter then speculates that a similar process might be adopted by a Social Endowment Fund at a stage that it might need to function in part as a venture capitalist. Drawing on the mathematical expression of equalitarian values in the appendix to Chapter 3, this appendix derives a scheme of distributionally weighted cost-benefit analysis and speculates as to how it might be implemented in practice.

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  • ., 2017. "Planning from the bottom up," Chapters, in: Approaching Equality, chapter 10, pages 189-206, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17349_10
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    Economics and Finance;

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