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- W613471149 abstract "A F I V E Year p lan normal ly shows two m a i n sets of f igures: targets fo r the' outputs of various commodit ies w h i c h should be at tained in the last year of the p l a n , and plans fo r capital expenditure to be done in the whole per iod of the plan. Of these two, the capi tal expendi ture is the t h i n g wh ich calls f o r di rect and immedia te act ion, and it tends therefore to be regarded as the essence of the p l a n . T h i s is, however, to mistake the means fo r the objec t ive : the fundamental objective of the p lan is to a t t a in the h igher levels of output , and i t is these levels of fu ture output w h i c h have to be kept in balance as between one product and another, if the p lan is to be a coherent one. The capital expenditures are a very impor t an t means of he lp ing to att a in these outputs, but they are not an objective in themselves; i f some other method of ra is ing output could be discovered d u r i n g the plan pen o d ( e g, by the use of better seeds instead of costly i r r i g a t i o n schemes) then the essence of the p l a n would be fulf i l led, even if the capi ta l expendi ture were far below the o r i g ina l f igures ." @default.
- W613471149 created "2016-06-24" @default.
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- W613471149 date "1960-01-01" @default.
- W613471149 modified "2023-09-23" @default.
- W613471149 title "Importance of time lags for economic planning" @default.
- W613471149 hasPublicationYear "1960" @default.
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