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The Joint Effect of Social Comparison and Social Distance on Evaluation of Intertemporal Choice Outcomes in Event-related Potential Studies
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Is Economic Planning Our Future?

Jacques Sapir1

  • 1Higher School of Social Sciences and Centre for Industrial Models, Paris, France.

Studies on Russian Economic Development
|December 5, 2022
PubMed
Summary
This summary is machine-generated.

State-level economic planning, crucial for addressing market failures, is gaining relevance. Environmental, Social, and Governance (ESG) factors are increasingly driving the need for robust planning strategies.

Keywords:
decarbonizationeconomic developmenteconomic planningenergy transferindicative planningmarket failuresplanned economypublic policy

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Area of Science:

  • Economics
  • Political Science
  • Environmental Studies

Background:

  • Historical analysis of state-level economic planning in Japan, India, and France during the 20th century.
  • Exploration of the evolution of planned economic policies and their underlying principles.

Purpose of the Study:

  • To examine the historical development and contemporary relevance of state economic planning.
  • To identify key drivers, such as market failures and ESG concerns, influencing planning's role.

Main Methods:

  • Historical research and comparative case studies of national economic planning.
  • Literature review on economic theory, market failures, and environmental policy.

Main Results:

  • Planned economy elements have historical precedents in diverse national contexts.
  • Economic planning serves as a mechanism to correct market failures.
  • The Environmental, Social, and Governance (ESG) agenda, particularly environmental impact reduction, is a significant factor promoting planning.

Conclusions:

  • State economic planning remains a relevant policy tool for economic management.
  • The integration of ESG principles necessitates a re-evaluation and potential strengthening of state planning functions.