Economic Planning and Industrial Policy: A Framework for Avoiding the Corner Solutions

12 Pages Posted: 23 Sep 2010

See all articles by Raj Aggarwal

Raj Aggarwal

University of Akron; Federal Reserve Banks - Federal Reserve Bank of Cleveland; Kent State University; Kent State University Foundation

Date Written: September 23, 2010

Abstract

The extreme of central economic planning or the other extreme of reliance only on market signals are not appropriate approaches to national economic planning as complete reliance on either extreme are fraught with serious limitations. Economic planning must find a workable middle way to encourage and support conditions that enhance economic growth. This note suggests some pragmatic guidelines and principles for a balanced framework for national economic planning.

Keywords: Economic Planning, Regulation, Industry Guidance

Suggested Citation

Aggarwal, Raj, Economic Planning and Industrial Policy: A Framework for Avoiding the Corner Solutions (September 23, 2010). Available at SSRN: https://ssrn.com/abstract=1681803 or http://dx.doi.org/10.2139/ssrn.1681803

Raj Aggarwal (Contact Author)

University of Akron ( email )

Akron, OH 44325-4803
United States

Federal Reserve Banks - Federal Reserve Bank of Cleveland ( email )

East 6th & Superior
Cleveland, OH 44101-1387
United States

Kent State University ( email )

College of Business Administration
Kent, OH 44242-0001
United States

Kent State University Foundation ( email )

Akron, OH 44325-4803
United States

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