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It is the plannedeconomy, not the market, that requires perfect knowledge.
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A third plenary in 1984 saw the concept of the plannedeconomy abandoned.
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Plekhanov was saying doggedly, Any plannedeconomy is more efficient than any unplanned one.
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Second, NHS England's approach is in grave danger of looking like a nationally plannedeconomy.
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In the plannedeconomy, when the plan worked, the nation got what its planners ordered.
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But in this respect (and others) we do live in a plannedeconomy.
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This is not to say that the plannedeconomy was completely inefficient, though broadly it was.
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Beijing may run a centrally plannedeconomy but it's still hard to re-invent supply chains overnight.
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Living in a communist state with a centrally plannedeconomy, private enterprise was the preserve of regime-slurring traitors.
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A decade ago, as president, he introduced a series of reforms to liberalise and boost the centrally- plannedeconomy.
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There is little or no evidence that a plannedeconomy, or elaborate statism, solves any problems at all.
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Paying bribes helped private companies to get access to resources, credit and licences that the plannedeconomy denied them.
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Tree trunks are standing monuments to futile competition -futile if we think in terms of a plannedeconomy.
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The cable should boost President Raúl Castro's drive to modernise Cuba's centrally plannedeconomy and make state enterprises slimmer and more efficient.
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Brunner studied the Soviet plannedeconomy in books but came up against it in real life during the construction of the plant.
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The fears of unemployment and poverty in old age were to be eliminated wholesale through a plannedeconomy, a new social order.