Actual System Performance

Abstract

The review of theories of the industrial enterprise in the previous four chapters is now complete. Chapter 1 surveyed utopian models of capitalism, central planning and self-management and explained their potential role as a source of precise efficiency concepts and as a basis for more realistic theories under capitalism (Chapter 2), central planning (Chapter 3) and self-management (Chapter 4). These efficiency concepts (see Table 1.1) in turn now become the framework for this chapter, which reviews the economic performance of actual economic systems dominated by the capitalist, centrally planned and self-managed industrial forms. The performance of actual economic systems is reviewed in terms of (Section 5.1) micro-static, (Section 5.2) macro-static and (Section 5.3) dynamic efficiency, followed by (Section 5.4) conclusions.