ABSTRACT
This chapter presents the potential contribution of planning to the solution of contemporary British economic problems. It summarises the central issues and arguments, and proposes a direction for policy initiatives. The chapter evaluates the relevance and practicability of each process in the economic climate, and sketches out some suggested institutions and planning methods, as a basis for policy discussion. It outlines the institutions and methods of Investment Planning. The chapter purposes, potential consequences and problems of Investment Planning, rather than outline specific proposals for which the rationale was unclear. It argues that some of Britain’s economic problems, such as supply bottlenecks, import penetration and inflationary pressures, can be attributed to inconsistent previous investment decisions. The chapter suggests the leaves most decisions in the hands of private agents, but entails the extension of market incentives and information so that the choices taken are consistent with social objectives.
