Economy of The German Democratic Republic - Central Planning

Central Planning

The fact that the GDR had a planned economy did not mean that a single, comprehensive plan was the basis of all economic activity. An interlocking web of plans having varying degrees of specificity, comprehensiveness, and duration was in operation at all times; any or all of these may have been modified during the continuous process of performance monitoring or as a result of new and unforeseen circumstances. The resultant system of plans was extremely complex, and maintaining internal consistency between the various plans was a considerable task.

Read more about this topic:  Economy Of The German Democratic Republic

Famous quotes containing the words central and/or planning:

    In a large university, there are as many deans and executive heads as there are schools and departments. Their relations to one another are intricate and periodic; in fact, “galaxy” is too loose a term: it is a planetarium of deans with the President of the University as a central sun. One can see eclipses, inner systems, and oppositions.
    Jacques Barzun (b. 1907)

    In preparing for battle I have always found that plans are useless, but planning is indispensable.
    Dwight D. Eisenhower (1890–1969)