The term 'economic planning' and perhaps still more bluntly 'planned economy' contains a tautology... The word 'economy' by itself implies, of course… - Gunnar Myrdal
" "The term 'economic planning' and perhaps still more bluntly 'planned economy' contains a tautology... The word 'economy' by itself implies, of course, a co-ordination of activities, directed towards a purpose. It implies a subject, a will, a plan, and a rational adaptation of means towards an end or or a goal. To add “planned” in order to indicate that this co<ordination of activities has a purpose, does not make much sense or cannot, anyhow, be good usage. Language, as we know, is full of illogicalities.
About Gunnar Myrdal
Karl Gunnar Myrdal (6 December 1898 – 17 May 1987) was a Swedish economist, sociologist, and politician, best known in the United States for his study of race relations, which culminated in his book . In 1974, he received the Nobel Memorial Prize in Economic Sciences with Friedrich Hayek for "their pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena." (Nobel Memorial Prize, 1974)
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