4,366 works (including 487 books, 3,476 articles and 400 historical documents), 150 years of economic thought. Each one summarized and searchable.
How much can probabilistic calculation tell planners about where to put labor and capital? Gerhard Tintner and Salwa Ali S. Farghali test five allocations between agriculture and industry against Egypt’s First Five-Year Plan, treating productivity coefficients as variable rather than fixed. Their preferred policy sacrifices the highest expected output for lower risk and resembles the actual plan’s allocation. Yet this is no straightforward mathematical vindication: deficient data and restrictive assumptions qualify the comparison, while organizational and human influences resist reliable probability estimates. The article offers a concrete encounter between stochastic programming and planning judgment, showing both how a model makes the trade-off between output and stability explicit and why its calculations cannot settle the policy choice.