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 inner-party politics, these methods lead, as we shall yet see, to this: the party organization substitutes itself for the party, the central committee substitutes itself for the organization, and, finally, a “dictator” substitutes himself for the central committee.
    Leon Trotsky (1879–1940)

    ...A shadow now occasionally crossed my simple, sanguine, and life enjoying mind, a notion that I was never really going to accomplish those powerful literary works which would blow a noble trumpet to social generosity and noblesse oblige before the world. What? should I find myself always planning and never achieving ... a richly complicated and yet firmly unified novel?
    Sarah N. Cleghorn (1876–1959)