Describes and assesses socialist planning in its various aspects. Although the structure of this second edition remains basically unchanged from the first edition, both the empirical and theoretical sections have been altered to take account of changes since the mid-1970s. On the empirical level, takes account of the recent economic changes in China together with the huge increase in accurate information about that country, the Polish crisis of 1979-82, the virtual Soviet stagnation of 1976-85, and the first steps of perestroika. On the theoretical level, takes account of the chief contributions of the systems and behavioral approaches, and also of new developments within Marxism-Leninism. Reviews liberal and Marxist theories concerning planning. Describes the traditional model exemplified by the Soviet planning system adopted in 1930-34, and the problems associated with that model of planning. Summarizes the reform experience in a number of countries and the lessons to be learned from this experience. Describes and assesses the socialist planning of agriculture, investment, the labor force, incomes, consumption, and international trade. Considers the results of socialist planning. Ellman is Professor of Economics at the University of Amsterdam. Bibliography; glossary; index.