An Essay on Econ Growth and Plan [Paperback]

This important essay dates from the end of the fifties. During this era,the dominant theories of economic growth were based on conditions ofprivate ownership of capital and where investment is primarily under thecontrol of private individuals or firms. Dobbs, however, considers thealternatives. He asks: Do such theories have a more universalapplication? Can they be applied to planned economies? If they can, inwhat form may such an application be made? Half a century later, withthe global regime of unfettered international capital markets in a stateof utter collapse, the time has come for a return to the possibility ofrational social and economic planning. This short clear book is again anecessary theoretical starting point for a post-capitalist future.