Limitations of Planning

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    Abstract

    OF the many repercussions in Britain of the fuel crisis of February 1947, the shock administered to the general belief in economic planning was among the most far-reaching. Those who then began to doubt whether the best way of ordering economic affairs was to place the responsibility for all crucial decisions in the hands of the State have since been joined by many others as a sequel to the balance of payments crisis of August. Behind the resentment originally aroused by the abolition of the basic petrol ration and the direction of labour lies uneasiness as to whether the method of cure is not bringing evils worse than the disease, and endangering precious and fundamental elements of our heritage of freedom.

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    Limitations of Planning. Nature 162, 41–44 (1948) doi:10.1038/162041a0

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