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Nicaragua and the Dead Hand of Planning
Author(s) -
Elliot Nick
Publication year - 1987
Publication title -
economic affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.24
H-Index - 18
eISSN - 1468-0270
pISSN - 0265-0665
DOI - 10.1111/j.1468-0270.1987.tb01902.x
Subject(s) - state (computer science) , socialism , dead end , political science , management , development economics , political economy , public administration , sociology , economics , law , psychology , psychoanalysis , computer science , politics , communism , algorithm , compensation (psychology)
Daniel Ortega (above), President of Nicaragua, attracted attention after the Sandanista take‐over by declaring his intention to allow state and market to co‐exist. But his increased emphasis on the role of the state has severely impaired the wealth‐creating capacity of the attenuated private sector. Nick Elliott, Editor of The Moderate, surveys the damaging effects of Nicaraguan socialism.