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:

    The best laws cannot make a constitution work in spite of morals; morals can turn the worst laws to advantage. That is a commonplace truth, but one to which my studies are always bringing me back. It is the central point in my conception. I see it at the end of all my reflections.
    Alexis de Tocqueville (1805–1859)

    Judge Bedford: Planning on having children?
    David: Naturally.
    Judge Bedford: Good, then I know what to get you for a wedding present.
    David: Yeah? What’s that?
    Judge Bedford: A vasectomy.
    Dale Launer (b. 1953)