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The Theory of Error in Centrally-Directed Economic Systems

Theodore Morgan

University of Wisconsin–Madison

Quarterly Journal of Economics 1964

I. Effects of size, and private versus public organization, 396. — II. The general tendencies: error and instability in centrally-directed economic systems, 400; fewer but bigger errors, 400; delay, excessive optimism, multiplication of controls, 404; highest motives versus strongest motives, 412; hypocrisy, avoidance and evasion of rules, corruption, 413. — III. Summary, 418.

DOI
10.2307/1879474
Volume
78 (3)
Pages
395
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