Both Uses of
planned economy
in
Atlas Shrugged
- Every expert has conceded long ago that a planned economy achieves the maximum of productive efficiency and that centralization leads to super-industrialization.†
Chpt 2.6 *
- It will combine the efficiency of free enterprise with the generosity of a planned economy," Dagny observed some faces-it took her an effort fully to believe it-who were looking at Galt with hatred.†
Chpt 3.8
Definition:
-
(planned economy) an economy in which state authorities rather than market forces directly determine prices, output and production