Director / Editor: Victor Teboul, Ph.D.
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Independent and neutral with regard to all political and religious orientations,® aims to promote awareness of the major democratic principles on which tolerance is based.

Does the US have a planned economy? You might be surprised

By Daniel Pellathy, University of Tennessee
During the Cold War, a heated debate arose over the role of economic planning. Did the “planned” economy of the USSR or the “free market” economy of the U.S. allocate resources more productively?

Arguments against planned economies centered on the limits of information processing, the feasibility of production forecasts and the inflexibility…The Conversation

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