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Planning by Forecast

  • J. N. Wolfe
Chapter
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Part of the International Economic Association Series book series (IEA)

Abstract

It is a striking fact that in the last five years virtually every country in Western Europe (France, the Netherlands, Belgium, Ireland, Finland, Portugal, Spain, the U.K., Iceland, Cyprus, Germany, Italy, Norway and Sweden) has founded or developed bodies entrusted with the task of ‘economic planning’. The development of such organizations may seem in some ways rather surprising in view of the continuing reliance of most of these countries upon some measure of private enterprise in economic life. In none of these cases has the ‘planning’ body been given the power of directly imposing its plans upon the economy. Indeed there are few cases where even the whole of the existing power of the state would be capable of such enforcement, at any rate under existing legislation.

Keywords

Investment Decision Demand Curve Planning Body Intermediate Good Accurate Forecast 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© International Economic Association 1966

Authors and Affiliations

  • J. N. Wolfe
    • 1
  1. 1.University of EdinburghUK

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