Planning and Market in a Mixed Economy. Ensuring Basic Income and Employment

Abstract

Based on the justified criticism of the planned economy (PE) by Ludwig von Mises, the author concludes that the planned economic activity organization will be more effective compared to the market economy if used in combination with the market form in stationary areas of the economy oriented towards irreducible demand while manufactured goods will be distributed equally and free of charge. Criteria are proposed to determine which products are more efficient to produce in a planned manner in a mixed planned-market economy. The author shows that the introduction of a mixed economy makes it possible to best solve the problem of providing citizens with a universal basic income (UBI), simultaneously finding the answer to the issue of ensuring universal employment.