Influence On Planned Economies
Scientific management was naturally appealing to managers of planned economies, because central economic planning relies on the idea that the expenses that go into economic production can be precisely predicted and can be optimized by design. The opposite theoretical pole would be an extremist variant of laissez-faire thinking in which the invisible hand of free markets is the only possible "designer". In reality most economies today are somewhere in between.
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Famous quotes containing the words influence and/or planned:
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