National economic planning

National Economic Planning is a term associated with the government's effort to coordinate the working of both the public sector and the private sector through a structured mechanism. Although, during the 20th century, the term was more associated with the communist and eastern economies, through the 1970s, theorists and practitioners documented the growth of this practice amongst western economies too [1][2][3][4]. In the latter part of the 20th century and till date, economists have demanded that underdeveloped and developing countries - especially in continents like Africa - should embrace National Economic Planning to a large extent [5][6]. Famous proponents and practitioners of National Economic Planning have been Nobel Prize winning Russian politician Leonid Kantorovich, Austrian school economist Don Lavoie, John M Hartwick [7], Carl Landauer (who, in 1947, wrote one of the first western books on the subject, titled Theory of National Economic Planning)^{[citation needed]}, American Republican politician Alf Landon, the Russian born Canadian politician David Lewis, Chinese politician Zhang Baoshun and German sociologist Adolph Lowe

Literature

• Carl Landauer: Planwirtschaft und Verkehrswirtschaft Duncker & Humblodt, München und Leipzig 1931.
• Carl Landauer: Theory of national economic planning, Berkeley, California: University of California Press, 1944 first edition; 1947 2. edition.