Study week on the econometric approach to development planning

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Monograph

Identifikator:: 1824422792

URN:: urn:nbn:de:zbw-retromon-217476

Document type:: Monograph

Title:: Study week on the econometric approach to development planning

Place of publication:: Amsterdam [u.a.]

Publisher:: North-Holland Publ. Co. [u.a.]

Year of publication:: 1965

Scope:: XLVII, 1259 S.; graph. Darst.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Selection and implementation the econometrics of the future / Ragnar Frisch, Universitetet i Oslo - Sosialøkonomisk Institutt - Oslo- Norge

Collection:: Economics Books

SEMAINE D'ÉTUDE SUR LE ROLE DE L’ANALYSE ECONOMETRIOUE ETC t1) Professor FriscH has made some very strong criticisms of the market economy, and I agree completely with him. At least in some aspects, I recognize that the market economy has many, many draw- backs. But such criticism should not remain limited only to some points. It should be extensive. Rightly, Professor FriscH has critised private monopolies, but he did not say anything about public monopolies. He did not say anything about trade union monopolies, the impact of which may se much greater. Personally, I think that the unions play a very useful role but it seems impossible to me to criticise only those leviations which relate to the market economy, without simultane ously analyzing the other deviations. [f we want to be objective, we must compare the drawbacks of ‘he market economies with the drawbacks of the politically and eco- aomically centralised systems. One needs only to look at the history of the collectivist society in the U.S.S.R. to be convinced that central planning has some drawbacks which can do more damage to social justice than can those of the market economy. The millions of unem- ployed in the United. States in the thirties can be compared with the millions of dead in the U.S.S.R. during the same period. Is it scientific to give an idealistic view of the planned economy by comparing it with the reality of the market economy? If we want ‘0 compare, we must compare things which are comparable. In other words, if we look at the reality of market economies, we must at the same time look at the reality of the collective and centralised econo- nies. And if we discuss what a collectivist and centralised economy would be ideally, we should discuss what a market economy working n an appropriate institutional framework could be, not what it is. But it is not fair to compare the real aspects of a free economy with the ideal aspects of a collective and centralised economy. [t is absolutely scientific to stress the aspects of the market eco- nomy, but if so one is faced with the necessity of stressing at the same time what happened in U.S.S.R. in the thirties and in the forties and what has happened in communist China in recent years. 71 Frisch - pag. 15

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