3 ms·
When I hear about the concept of central planning, it tends to remind me of a mathematician named Leonid Kantorovich I had read about in a textbook. I am not to
by layman51 2y ago
When I hear about the concept of central planning, it tends to remind me of a mathematician named Leonid Kantorovich I had read about in a textbook. I am not too familiar with the economics concepts that he might have run into, but this article [1] is pretty interesting in regards to how centrally planned socialist economies also need to use the idea of interest rates and prices like capitalist ones.
[1]: https://www.econlib.org/library/Enc/bios/Kantorovich.html https://www.econlib.org/library/Enc/bios/Kantorovich.html