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central planning

   Also found in: Wikipedia 0.14 sec.

central planning

Alternative name for command economy.



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Turns out it has a lot to do with Friedrich Hayek's insight that central planning of markets is bound to fail because of the inability of any planning body to gather enough information that is current enough and interrelated enough to act intelligently.
A healthy dose of anarchy by Homa, Rich / Reason
In each case, the "fatal conceit" was that central planning could create something more efficient than the self-ordering process of a free economy, something more orderly, more equal--and a system where intellectuals and government planners would have a greater hand in calling the shots in order to keep things shipshape.
Central planning doesn't work: going against economic truisms, the ... by Reiland, Ralph R. / The New American
She started as director of merchandise and finance of its Disney Stores division before becoming chief financial officer of its catalog, chief financial officer for North American stores and finally vice president of strategic central planning and allocation.
Executive departs from Disney to do things babystyle by Myerhoff, Matt / Los Angeles Business Journal
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