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.
Read more about this topic: Scientific Management
Famous quotes containing the words influence on, influence and/or planned:
“If morality had naturally no influence on human passions and actions, it were in vain to take such pains to inculcate it; and nothing would be more fruitless than that multitude of rules and precepts with which all moralists abound.”
—David Hume (1711–1776)
“The purifying, healing influence of literature, the dissipating of passions by knowledge and the written word, literature as the path to understanding, forgiveness and love, the redeeming might of the word, the literary spirit as the noblest manifestation of the spirit of man, the writer as perfected type, as saint.”
—Thomas Mann (1875–1955)
“And the LORD changed his mind about the disaster that he planned to bring on his people.”
—Bible: Hebrew, Exodus 32:14.