Central planning in India

The Institute was founded in 1957 as a research and educational trust to clarify the application of economic theory to business practice and public policy. It is the only independent organisation in Britain that specialises in the micro-economic analysis of existing or potential markets in the private and public sectors of the economy. Apart from full-length studies, it has since 1960 pub lished Hobart Papers on a wide range of policy problems. Since 1963 it has published Eaton Papers on questions more narrowly concerned with information in the British economy and Occasional Papers that reprint articles or addresses not otherwise readily avail able in Britain.

All IEA Papers and books incorporate research material but the focus of interest is usually in their authors' analysis and policy recommendations. In the Research Monographs empirical research is the primary contribution, and earlier studies have examined the consequences of non-market arrangements or arising from professional and trade union restrictions, state monopoly in roads and nuclear energy, public licensing in transport and agri cultural production, central direction in welfare and more generally in economic planning and official forecasting.