Studies in the theory of planning / Charles Bettelheim ; translated by Brian Pearce.

Includes indices (pgs. 445-451).

Foreword -- Part One: Historical and descriptive - Introduction - I: Centralised choice or decentralised choice - II: Choice in the production sphere in a planned economy and the problem of value - III: Economic choice and the determination of needs - IV: Money and monetary calculation - V: Prices and "profits" - VI: Determining the most advantageous technique - VII: Natural wealth and economic calculation - VIII: The general problem of economic equilibrium - IX: Equilibrium between production and consumption in a static setting - X: Equilibrium between production and consumption in a dynamic setting - XI: Planning of external trade and the problems of equilibrium and of prices - Conclusion - Appendix I: Effect upon economic equilibrium of the release of labour-power and means of work used in the non-productive sector - Appendix II: Dynamic economy with stationary population and maintenance of same distribution of productive forces -- Appendix III: Analysis of a dynamic economy with a stationary population - Appendix IV: Diversity of lengths of rotation periods -- Part Two: Technological choice investment allocation and long-term rate of growth - XII: The problems of technological choice and the aim of economic planning - Appendix: How to assess the possible investment rate - XIII: Basic data needed for solving the problems of investment allocation and of technological choices - Appendix: Some observations on the economics of the Ambar Chakra - XIV: The allocation of investments - Appendix: Allocation of investment in the three-sector model - XV: The problem of technological choice - Appendix I: The "optimum" value of consumption per worker on the basis of constant technical pattern of investments - Appendix II: Gross investment and net investment - XVI: Employment problems and economic growth - Appendix: Some aspects of the employment problems arising in the "first stage" of economic planning - XVII: Modernisation and rationalisation investments - XVII: Some basic long-term planning problems -- Subject index -- Name and title index.

"With the Indian economy wedded to planned development, Prof. Bettelheim's theoretical ideas presented in this work on the problems of planned economic growth, and his views on investment allocations and technological choices assume special significance. Part One of the book presents elaborate analyses of such problems as value and price, simple and extended production, criteria for the choice of technique, etc. Part Two deals with a set of conceptual tools giving the possibility of a closer analysis of economic growth under the conditions of economic planning. With the hep of these conceptual tools, five types of necessary consequences have been envisaged of any policy of economic developments, viz. productive employment, level of labour productivity, investment pattern, standards of living and investible surples.
Another important point of special significance to countries having to face problems of underdevelopment and of low living standards refers to the distinction between the short-term and long-term consequences of any decision taken in the field of investments allocation and technological choice." - From the back cover.