The issue of planning prompted some of the fiercest debate in mid-twentieth century economics. Politics of Economic Planning collects together a number of papers from journals and contributed books that examine the problems of economic planning in a free society. They fall into three groups:
Part 1 explains the idea of socialism and defines it in relation to democracy.
Part 2 discusses problems of economic planning both in relation to political economy on the practice of planning and with the application of the theory of value to the conditions of a centrally directed economy.
Part 3 examines the nature of economics.