The Contrast Between Government Planning and Business Planning: Market Orientation Versus Centralized Control

Authors

Murray L. Weidenbaum, Washington University in St Louis

Files

Publication Date

2-1-1976

Series Information

Working Paper 9

Publisher

Center for the Study of American Business (CSAB), Washington University in St. Louis, St. Louis, MO 63130

Description

Government planning is a centralized process in which economic decisions are made in the form of governmental edicts; business planning is a decentralized process where the individual consumer makes choices. The author states that adopting a form of centralized planning could result in society moving away from market freedoms and toward greater governmental controls over individual behavior.

Keywords

Government Planning, Long-Range Business Planning

Disciplines

Economics | Public Policy

Comments

The Center for the Study of American Business (CSAB), 1975-2001, is the predecessor of the Weidenbaum Center on the Economy, Government, and Public Policy at Washington University in St. Louis. Permanent URL: http://dx.doi/org/10.7936/K77W69DR

DOI

doi:10.7936/K77W69DR

Recommended Citation

Weidenbaum, Murray L., "The Contrast Between Government Planning and Business Planning: Market Orientation Versus Centralized Control", Working Paper 9, 1976, doi:10.7936/K77W69DR.
Murray Weidenbaum Publications, https://openscholarship.wustl.edu/mlw_papers/181.