Communist Planning versus Rationality (Hardcover)
Roumen Avramov
Sold by CitiRetail, Stevenage, United Kingdom
AbeBooks Seller since 29 June 2022
New - Hardcover
Condition: New
Ships from United Kingdom to U.S.A.
Quantity: 1 available
Add to basketSold by CitiRetail, Stevenage, United Kingdom
AbeBooks Seller since 29 June 2022
Condition: New
Quantity: 1 available
Add to basketHardcover. This volume examines concepts of central planning, a cornerstone of political economy in Soviet-type societies. It revolves around the theory of optimal planning which promised a profound modernization of Stalinist-style verbal planning. Encouraged by cybernetic dreams in the 1950s and supporting the strategic goals of communist leaders in the Cold War, optimal planners offered the ruling elites a panacea for the recurrent crises of the planned economy. Simultaneously, their planning projects conveyed the pride of rational management and scientific superiority over the West. The authors trace the rise and fall of the research program in the communist era in eight countries of Eastern Europe, including the Soviet Union, and China, describing why the mission of optimization was doomed to fail and why the failure was nevertheless very slow. The theorists of optimal planning contributed to the rehabilitation of mathematical culture in economic research in the communist countries, and thus, to a neoclassical turn in economics all over the ex-communist world). However, because they have not rejected optimal planning as computopia, there is a large space left behind for future generations to experiment with Big Optimal Plans anewbased, at this time, on artificial intelligence and machine learning. This volume examines failed attempts at modernizing the communist economy by means of optimal planning. It traces the rise and fall of the concept in Eastern Europe and China, explaining why the mission of optimization was doomed to fail and why it may nevertheless be relaunched today. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.
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