Economic planning
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Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is
Albert Einstein advocated for a socialist planned economy with his 1949 article "Why Socialism?"
Leon Trotsky was among the earliest Soviet figures that supported economic planning and decentralization but opposed the Stalinist model.
Economic planning systems of communist states is the specific model of centralized planning employed by communist states, which has its origins in the economy of the Soviet Union, and formally based o
Economic planning
…changes on a global scale. In the context of mainstream economics and the field of comparative economic systems, socialist planning usually refers to the Soviet-style command economy, regardless of whether or not this economic system actually constituted a type of socialism or state capitalism or a third, non-socialist and non-capitalist…
"Catch up and overtake" (Russian: Кто кого? Догнать и перегнать). A 1929 Soviet propaganda poster based on 1917 paraphrase from Lenin, praising the economic superiority of state socialism.