This note attempts to identify the key methodological problems that remain unsolved in the controversy about the aggregation of slack and shortage in disequilibrium econometric models of centrally planned economies (CPEs). The procedure of 'smoothing by aggregation' implemented by Burkett (1988) is
✦ LIBER ✦
Informal pressures, mobilization, and campaigns in the management of centrally planned economies
✍ Scribed by Karoly Attila Soós
- Publisher
- Springer US
- Year
- 1987
- Tongue
- English
- Weight
- 906 KB
- Volume
- 21
- Category
- Article
- ISSN
- 1573-9414
No coin nor oath required. For personal study only.
✦ Synopsis
Sobs? 'Of course, there are differences in the treatment of this problem. E.g. Kornai (1980), Wiles (1968) attribute a very limited role to money and organs of financial control in the functioning of the socialist economy, Garvy (1966) and Berliner (1981) show a more important role of the mechanisms in question.
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