{"product_id":"communist-planning-versus-rationality-mathematical-economics-and-the-central-plan-in-eastern-europe-and-china-9781793631770","title":"Communist Planning versus Rationality:","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eThis 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 anew—based, at this time, on artificial intelligence and machine learning.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTrade Review\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eTo what extent did theories of optimality and techniques for optimization improve economic allocation under Communist rule? The basic ideas turned out to have little practical application–under Communism, at least. Yet, at the time, the idea of an optimally planned Socialist economy attracted huge attention and intellectual efforts from East Germany and other Central and Eastern European countries to Russia and China. What was it all about? This excellent collection provides many fascinating insights from a nearly forgotten chapter in the economic thought and history of eight Communist countries. There are important lessons for public policy everywhere.\u003c\/p\u003e -- Mark Harrison, professor emeritus, University of Warwick\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003eIntroduction: Another “Grand Illusion” – Optimizing the Central Plan\u003c\/p\u003e\u003cp\u003eChapter One: To Command or to Understand? Planning Concepts and Economic Research in Communist Bulgaria\u003c\/p\u003e\u003cp\u003eChapter Two: Quantitative Economics in China. From Planned Economy to Socialist Market Economy\u003c\/p\u003e\u003cp\u003eChapter Three: Mathematical Economics and Central Planning. Economic Research in Czechoslovakia under Communism\u003c\/p\u003e\u003cp\u003eChapter Four: Theory and Political Economy of Central Planning in East Germany\u003c\/p\u003e\u003cp\u003eChapter Five: Mathematical Economics outside the Neoclassical Paradigm? Evolution of Planning Concepts in Hungary under Communism\u003c\/p\u003e\u003cp\u003eChapter 6: Between Rationality and Reality. Economics and Central Planning in Poland (1945–1989)\u003c\/p\u003e\u003cp\u003eChapter Seven: The Failure of Communist Planning: A Perspective from Romania\u003c\/p\u003e\u003cp\u003eChapter Eight: Communism = Soviet Power + Planning. Planning and Mathematical Economics in the Soviet Union\u003c\/p\u003e\u003cp\u003eChapter Nine: Mathematical Economics, Economic Modeling, and Planning in Yugoslavia\u003c\/p\u003e\u003cp\u003eConclusion: Rationality Found and Lost? In Search of a New Historical Narrative of Optimal Planning\u003c\/p\u003e","brand":"Lexington Books","offers":[{"title":"Default Title","offer_id":51042662646103,"sku":"9781793631770","price":86.4,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781793631770.jpg?v=1750955071","url":"https:\/\/bookcurl.com\/products\/communist-planning-versus-rationality-mathematical-economics-and-the-central-plan-in-eastern-europe-and-china-9781793631770","provider":"Book Curl","version":"1.0","type":"link"}