ABSTRACT
It has been our task to design control rules to be followed by the policy-making institutions described in (1), (2) and (3) above. Each control variable will be used to regulate the target variable to which it is linked - subject to constraints on the degree to which the control variable may be moved - to achieve as closely as possible the objective assigned to it. Clearly, this decoupled method of control is less efficient than the cross-linked methods, which relate movements in all the control variables to all of the target variables (see Section 5 of Chapter V and also Section 4 of Chapter XII). We have further limited the control methods examined in this study by confining them to finely tuned, automatic, feedback controls, making no use of possible structural, feed forward planning of policies (see Section 3 of Chapter VI). Our work sets out to test how feasible it is to control an economy by this method.
