The Rise of Planning in Industrial America, 1865-1914

Richard Adelstein

Mar 2012 · Routledge

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Central economic planning is often associated with failed state socialism, and modern capitalism celebrated as its antithesis. This book shows that central planning is not always, or even primarily, a state enterprise, and that the giant industrial corporations that dominated the American economy through the twentieth century were, first and foremost, unprecedented examples of successful, consensual central planning at a very large scale.

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Richard Adelstein is Professor of Economics at Wesleyan University, USA.