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      Big Data, Platform Economy and Market Competition: A Preliminary Construction of Plan-Oriented Market Economy System in the Information Era

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            Abstract

            Whether the planned economy, as one of the two main economic systems, can be reconstructed in the era of big data is an extremely important proposition in theory and reality. With the great debate on the feasibility of the planned economy in the 1930s, Lange model of centralized planning and market simulation came into being. After the information revolution in 1970s, the thought of planned economy characterized by market democracy and model of “democratic planned participatory socialism” rose in the west and the plan-oriented market economy system is expected to build in the era of big data. This kind of economy system should coordinate centralized planning and democratic planning, take big data as technical condition, platform economy as institutional and organizational conditions, to forming the big data–based and state-owned enterprises leading operated Internet platform economy in the field of competition, which can achieve to “make the market play a decisive role in the allocation of resources and the state play the leading role,” and achieve the comprehensive goals of reflecting consumer preferences, playing a role of law of value, highlighting the guidance of industrial planning, strengthening macro-control and reducing the cost of bureaucracy.

            Content

            Author and article information

            Journal
            10.13169
            worlrevipoliecon
            World Review of Political Economy
            Pluto Journals
            2042891X
            20428928
            Summer 2017
            : 8
            : 2
            : 138-161
            Article
            worlrevipoliecon.8.2.0138
            10.13169/worlrevipoliecon.8.2.0138
            8632900f-1d54-42d1-a83c-820d039887b6
            © 2017 World Association for Political Economy

            All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

            History
            Categories
            Articles

            Political economics
            democratic planning,big data,platform economy,plan-oriented market economy system,centralized planning

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