marxist economy and the invisible hand

[Revulero]

Is there a full understanding of a marxist economy? I understand that there should be a planned economy, but would there be an invisible hand involved in a planned economy and would there be any capitalistic characteristics still involved in this planned economy or will be forced to adopt anything capitalistic

[Schrödinger's Cat]

but would there be an invisible hand involved in a planned economy

Planned economies, or more appropriately participatory economies, are hands-on. The consumption habit of a population would be tracked much like corporations currently do with their computer systems. At the start when there still exists a price system, entrepreneurs will be promoted much like some are under only capitalism - the distinguishable difference coming from how such advancements are made.

The "invisible hand" is used to indicate how a market weeds out the bad *supposedly* without any government involvement. In a planned economy, the consumers and workers would be the decision-makers, whereas previously property owners got to decide what people consumed.


be any capitalistic characteristics still involved in this planned economy

There would certainly still be "capitalistic elements" inside the country. Perhaps there could even be a weakened market of petit-bourgeoisie shop keepers after the transition to a socialist economy. However, on the question of whether or not early socialism will consist of many core capitalistic characteristics, you have to define characteristics. Profits? Maybe, with equitable share. Wage slavery? No.

[Os Cangaceiros]

What exactly do you mean by "capitalist characteristics"?