There seems no reason to believe that managerial economy will be subject to the capitalist type of economic crisis, since the factors involved in this type of crisis, which are all related to the profit requirement of capitalist economy, will be done away with. However, it is most probable that managerial economy will have its own form of crisis. Managerial crises will, it would seem, be technical and political in character: they will result from breakdowns in bureaucratized administration when faced with, say, the complicated problems of sudden shifts to war or peace or abrupt technological
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