Original scientific paper

THEORETICAL AND PRACTICAL ESTABLISHING OF ECONOMIC PLANNING

Branko Horvat

Abstract

Economy represents interconnected system, with considerable uncertainty in regard to future happenings and activities of other actors in economic process, as well as continuous appearance of chaotic processes, despite supposed and real determinism. Economic planningis medicine for this. It expands the volume of relevant information and reduces in such away uncertainty of decision making. Good characteristics of market automatism remain, and by this independence of economic subjects and freedom of choice and initiative. But when market mechanism fails, we have something that we can rely upon.

Keywords

Hrčak ID:

28756

URI

https://hrcak.srce.hr/28756

Publication date:

15.8.2001.

Article data in other languages: croatian

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