An overview of socialist planning that explains the underlying theory and its limitations, also placing developments in their historical perspective.

Impoverished, indebted, and underdeveloped at the close of World War II, Romania underwent dramatic changes as part of its transition to a centrally planned eco

Socialist planning played an enormous role in the economic and political history of the twentieth century. Beginning in the USSR it spread round the world. It i

Since the demise of the USSR, the mantle of the largest planned economies in the world has been taken up by the likes of Walmart, Amazon and other multinational