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Discretionary or Formalized Planning

In: Problems in Economic Development

Author

Listed:
  • Pierre Massé

Abstract

In formalized programming a distinction is made when pro-gramme is being set up between the arbitrary and automatic parts. The arbitrary part is localized at the beginning of the process of resolution and consists of the choice of a model and the discussion of assumptions. The automatic part comprises the rest of the process, i.e. data processing with a view to calculating the unknowns.

Suggested Citation

  • Pierre Massé, 1965. "Discretionary or Formalized Planning," International Economic Association Series, in: E. A. G. Robinson (ed.), Problems in Economic Development, chapter 0, pages 411-427, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-15223-0_24
    DOI: 10.1007/978-1-349-15223-0_24
    as

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