Laissez Faire, Market Economy
Command economy is economy
directed by state authorities, rather than market forces. There are a variety of command
economies. Mesopotamia and Egypt are have command economy. Command economy was found in
the ancient world, especially those dependent on large scale systems of irrigation
requiring extensive regional planning and coordination. Command economy was found in other
ancient and medieval societies like Rome, China and among the Inca.
Command economy was dominant in
the Soviet-style communist societies, where state central planning agencies allocated
capital and resources, and fixed the levels of prices. Command economy, because they rely
on centralized bureaucratic administration, appear to be less efficient than market
mechanisms in allocating resources and stimulating economic growth. In command economy
supply and price are regulated by the government, not market forces. Government decides
which goods and services are produced and in what manner they are distributed.
A command economy is an economy where economic decisions
are planned out by a government authority. Businesses don't freely responding to the laws
of supply and demand. Government replaces the forces that operate in free market economics. The concept of a command
economy was developed by Viennese economist Otto Neurath. The phrase command economy comes
from the German "Befehlswirtschaft" and was initially used to describe the Nazi
North Korea, China and Russia are the examples of command
economies. Russia's Gosplan was the longest running.
The new global command economy -
Environment and Planning D: Society and Space 17(2) 155 180
The process of globalization has brought about more
liberalization and decentralization of political economies at the national level. The
shift of the center of gravity of political economy from the national to the international
level is what the phrase the new global command economy attempts to grasp. I analyze how
the new global command economy continues to perpetuate the core - periphery divide.
Profiting from Government Stakes in a Command
Economy: Evidence from Chinese Asset Sales - Charles Calomiris, Raymond Fisman,
The market response to an unexpected announcement of proposed sales of government-owned
shares in China. In contrast to the privatization premium found in earlier work, we find a
negative effect of government ownership on returns at the announcement date and a
symmetric positive effect in response to the announced cancellation of the government
The Stalinist Command Economy - PAUL R. GREGORY
The ANNALS of the American Academy of Political and Social Science, Vol. 507, No. 1,
The key features of the traditional administrative command economy model used by the
centrally planned socialist economies to allocate resources. The administrative command
economy model permits the party leadership to set priorities and monitor their fulfillment
through the state economic bureaucracy and local party apparatus.
Command Economy - Richard E. Ericson
Edited by Steven N. Durlauf and Lawrence E. Blume
The concept of a command economy, a construct in the theory of comparative economic
systems, is defined. The impossibility of the absolute centralization which it requires
generates compromises with the market forces it aspires to replace, fostering a symbiotic
marketized second economy which systematically undermines its foundations. A command
economy, most nearly realized in the Soviet Union (193087), proved to be ultimately
Plan, siphoning and corruption in the Soviet command economy
Harrison, Mark, and Kim, Byung-Yeon
This paper reconsiders Andrei Shleifer and Robert Vishnys suggestion that a
socialist industry will always prefer to cut both price and output relative to a
market-clearing equilibrium in order to maximise bribe income. The empirical evidence from recent archival studies of the
Soviet economy does not support this conjecture.
Migration of railway freight transport from command economy to market economy: the
case of China - Xie R.; Chen H.; Nash C.
Chinese railway freight transport has been facing great challenges from transport market
reformation and economic expansion. Railway freight market share has decreased greatly,
especially at the beginning of migration from command economy to market economy.
Dynamic instability of a command economy
Miyamoto Katsuhiro, School of Economics, University of Osaka Prefecture
In 1991, the former Soviet Union collapsed. It was mainly because of an inefficiency of
the command economy of socialism. The command economy brought about a downfall of
productivity in all industries. The counties of the former Soviet Union are planning to
shift from the centralized command economic system to the market economic system. We will
theoretically analyze that the centralized command economic system has its own instability
A State under Siege: Military Origins of Command Economies - Osinsky,
A command economy refers to direct state control over production, distribution and
consumption of resources. Command economy involves not a market regulation but an
administrative regulation as a dominant form of economic organization. Command economies
were first instituted among the major belligerent powers in Europe during World War One.
TRANSITION FROM A COMMAND ECONOMY: RATIONAL EXPECTATIONS AND COLD TURKEY
Although the transition from a command economy to a market economy is perilous, the author
advises policymakers that retarding the tempo of change will invite economic and political
disaster. While policymakers understand command economy only too well, they envision
"market economy" only imperfectly.
Seasonal anthropometric cycles in a command economy: The case of Czechoslovakia,
19461966 - Tomas Cvrcek, Department of Economics, Vanderbilt University
Anthropometric evidence is used to shed light on the living standards in early communist
Czechoslovakia (19461966). Height and weight variation of adolescent boys exhibit a
pattern that is inconsistent with that for a normal healthy population. This pattern arose
from periodic food supply shortages.
Managing human resources in a post-command economy: personnel administration or
strategic HRM - Thomas Garavan, Michael Morley, Noreen Heraty, Jacinta Lucewicz,
Reviews the changes in personnel and HRM practices within a post-command economy.
Priority, Duality, and Penetration in the Soviet Command Economy,
Ericson, Richard E.
Corporate Author : RAND CORP SANTA MONICA CA
The analysis is carried out in a series of simple two-sector macromodels of plan
implementation in a priority-driven command economy.
Coercion, compliance, and the collapse of the
Soviet command economy. - Harrison, Mark
Are command systems that rest on coercion inherently unstable, and did the Soviet economy
collapse for this reason?
From Command Economy to Hollow State?
Decentralisation in Vietnam and China
Painter, Martin, City University of Hong Kong
In Vietnam and China, decentralisation is a by-product, both by default and design, of the
transition to a state-managed market economy. A dual process of horizontal and vertical
decentralisation is occurring simultaneously in both the economic and political arena.
The command economy cometh - Donald C. Wellington
The paper is a philosophical discourse on capitalism and its
intellectual rationalization, economic theory. Both
blithely ignore the most fundamental character of the human condition.
Increasing the Validity of Post Command Economy
Research and Application
by Rene Dentiste Mueller and James D Mueller
The demise of communism in the post command economies (PCEs) has created considerable
interest from both academics and practitioners. Post command economies researchers have
failed to consider fundamental issues related to cross-cultural/cross-national research
design. Highlights a number of problems researchers face when investigating Post Command
Economy regional phenomena.