Class notes

Central Planning in

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Course
Econ 212 (ECON211)

Institution
University Of Alberta (UofA)

Central planning with public ownership has failed in China as it has done elsewhere This is because: Marx’s solution to capitalism is flawed Mao’s paranoia of insecurity overrides the interests of the common people The right choice to make China great again is to turn towards an open mark...

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Uploaded on November 8, 2022
Number of pages 13
Written in 2021/2022
Type Class notes
Professor(s) Yingfeng xu
Contains All classes

the party and the state
the failure of central planning
comparison of market and planning
institutions of central planning
characteristics of central planning

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Planning and market How did central planning work in China? Disillusion in the promised miracle Conclusion

2.2 Central Planning in 1949-1978
ECON 211, Winter 2021-2022

Yingfeng Xu

Department of Economics, University of Alberta

January 20, 2022

, Planning and market How did central planning work in China? Disillusion in the promised miracle Conclusion

The failure of central planning

Planning and market
How does central planning work?
Unfulfilled promise

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