A centrally planned economy, also known as a command economy, is an economic system where a government body makes economic decisions regarding the production and distribution of goods.

At the time of the “socialist calculation debate” in the early twentieth century, anti-socialists assumed that a planned socialist economy requires a single “decider”—a central planning ...

In a command economy, the economy is centrally planned and coordinated by the government, making it a standard component of any communist country. The government of North Korea determines what ...

How? What the American political establishment can’t bring itself to acknowledge–a planned, socialist economy works. Some try to explain away China’s success by asserting that China can ...

Here is what the plans might mean for growth and debt in Europe's largest economy: According to economists, yes. Germany's planned infrastructure fund alone could raise economic output by an ...