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Central Planning in

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Central planning with public ownership has failed in China as it has done elsewhere This is because: Marx’s solution to capitalism is flawed Mao’s paranoia of insecurity overrides the interests of the common people The right choice to make China great again is to turn towards an open market economy (capitalism)

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Institution
University Of Alberta (UofA)
Course
Econ 212 (ECON211)









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Institution
University of Alberta (UofA)
Study
Economics
Course
Econ 212 (ECON211)
All documents for this subject (5)

Document information

Uploaded on
November 8, 2022
Number of pages
13
Written in
2021/2022
Type
Class notes
Professor(s)
Yingfeng xu
Contains
All classes

Subjects

  • the party and the state
  • the failure of central planning
  • comparison of market and planning
  • institutions of central planning
  • characteristics of central planning

Content preview

Planning and market How did central planning work in China? Disillusion in the promised miracle Conclusion




2.2 Central Planning in 1949-1978
ECON 211, Winter 2021-2022


Yingfeng Xu

Department of Economics, University of Alberta


January 20, 2022

, Planning and market How did central planning work in China? Disillusion in the promised miracle Conclusion



The failure of central planning




Planning and market
How does central planning work?
Unfulfilled promise
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