One who proposes to abolish all forms of government compulsion.
Economies in which land and physical capital are owned largely by private
individuals or business firms.
Economies in which land and physical capital such as buildings and
machinery are largely or completely owned by collective
agencies.
A socialist who believes that socialism on a world scale will lead to an
economy of abundance and who accepts violence, revolution, and
dictatorship as a means to that end.
A society organized to pre serve capitalist private ownership of the
means of production but that reserves large regulatory powers
for the state.
The Soviet agency in charge of planning the economy in the U.S.S.R..
A form of economic planning that must be followed; failure to reach an
important plan target is considered a criminal offense.
A form of economic planning that operates mainly by convincing plan
participants that following the plan will help them economically.
An integrated analysis for an entire economy focusing on organizing
information about the relationships between resources used in
production and the goods and services produced.
A feature of the Soviet planning system whereby, when the whole plan
cannot be carried out, certain leading links (usually military
hardware and capital goods) are completed in full, and the rest
of the plan is postponed in part until the next planning period.
An early attempt to reform Soviet planning.
A form of economic planning that covers gross national product, the
division between consumption, investment, and government
sectors, the supplies of money and credit, the government
surplus or deficit, international balances, and interest rates.
A form of economic planning built around a collection of projects and/or
an appealing slogan.
A theoretical adaptation of the microeconomics of pure competition to a
socialist system.
A technique used to coordinate the Soviet planning system; for every one
of the thousands of final and intermediate products, potential
supplies and demands are estimated for each year of the plan,
allowing for both domestic production and international trade.
Restructuring; reforms of the Soviet planning system that include a wider
scope for an unplanned economy, more flexible plans, and more
leeway for plant managers.
An institutional arrangement in which some individual or organization in
a public position plans for another individual or organization,
who or which has little say about the plan and whose economic
freedom is restricted by the planning decision.
A theory that states that if more credit to a firm is matched by a
corresponding increase in the firm's output, the loan is not
inflationary.
Economic planning that covers only the public sector.
Economies in which government agencies own the land and physical capital.
An economy controlled by trade unions.
An economy that places an especially high value on equitable distribution
of income and wealth and security of living standards.
