Influence On Planned Economies
Scientific management was naturally appealing to managers of planned economies, because central economic planning relies on the idea that the expenses that go into economic production can be precisely predicted and can be optimized by design. The opposite theoretical pole would be an extremist variant of laissez-faire thinking in which the invisible hand of free markets is the only possible "designer". In reality most economies today are somewhere in between.
Read more about this topic: Scientific Management
Famous quotes containing the words influence on, influence and/or planned:
“Important as fathers are, their influence on children shouldn’t be exaggerated just because they were ignored so long. There is no evidence that there is something especially good about fathers as caretakers. There are no areas where it can be said that fathers must do certain things in order to achieve certain outcomes in children. The same goes for mothers.”
—Michael Lamb (late–20th century)
“The example of America must be the example, not merely of peace because it will not fight, but of peace because it is the healing and elevating influence of the world, and strife is not. There is such a thing as a man being too proud to fight. There is such a thing as a nation being so right that it does not need to convince others by force that it is right.”
—Woodrow Wilson (1856–1924)
“Every day care center, whether it knows it or not, is a school. The choice is never between custodial care and education. The choice is between unplanned and planned education, between conscious and unconscious education, between bad education and good education.”
—James L. Hymes, Jr. (20th century)