Traditional Model Quotes

“The present author regards the main features of the traditional model as:

1. state ownership of the means of production;
2. political dictatorship;
3. a mono-hierarchical system;
4. imperative planning;
5. a subordinate role for money, profit, prices and banks.”
― Michael Ellman, Socialist Planning

“In the traditional model, the dominant form of ownership is state ownership. The state owns the land and all other natural resources and all the enterprises and their productive assets. Collective ownership (e.g. the property of collective farms) also exists, but plays a subsidiary role, and is expected to be temporary. In due course, it is expected to be transformed into the higher form of state ownership.”
― Michael Ellman, Socialist Planning