planism
Planism is an approach to organizing an economy through deliberate, long-term planning designed to align production, resource use, and social objectives with explicit goals. It encompasses institutions and policies that formulate, implement, and monitor a national or sectoral plan, often setting targets for investment, output, employment, and sustainability. Planism typically seeks coordination among public authorities and, in many variants, coordination with markets rather than their replacement.
Historically, planism arose in the early 20th century amid rapid industrialization, economic crises, and debates over
Core features include formal planning bodies, long-range horizons, quantitative targets, and mechanisms to mobilize investment, labor,
Critics argue that planning can be bureaucratic and information-poor, risking inefficiency and stifling innovation. Proponents contend