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central planning
noun
A mechanism for allocating resources centrally, as opposed to leaving it up to the free market.
Exact(59)
This process suggests a centralization of intensive care may be occurring even without central planning.
Strategy without entrepreneurship is central planning.
Central planning demanded high-density housing and public transit.
Bangkok, for instance, has grown without central planning.
"Central planning was thought to work very well in 1937".
As it happens, decentralization beats central planning here, too.
It was all of a piece with the rational, Enlightenment-inspired, central planning approach to government.
Socialists have tried to abolish it by dictatorship and central planning.
None, however, were able to achieve successful records of economic development under central planning.
Central planning is not the answer.
Similar(1)
It does so with no central planning--a happy story for orthodox economics.
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