Theory of Centrally-Planned Economy, Bourgeois, one of the most widespread anti-communist falsifications of the socialist economic system. According to this theory the tasks of production development in socialist economy are fulfilled by voluntaristic, arbitrary commands, orders and directives issued from the centre. On the basis of the unscientific methodology of bourgeois political economists, the advocates of this theory consider socialism in 360 isolation from its inherent relations of production, and ignore the objective economic laws of socialism. They claim that the absence of a spontaneous market mechanism inevitably results in an “inflexible” and “bureaucratic” management and planning system designed for "production for the sake of production”. In defining the economic system of socialism as a " centrally-planned economy" bourgeois economists falsify the objectives of socialist production, distort the essence of the centralised planning and management of economy, and misinterpret the role of commodity-money relations under socialism. The typical nonclass approach of bourgeois political economy in characterising the state is manifested in ignoring the social nature of the socialist state as a state of the whole people. The theory of centrally-planned economy stems primarily from the unscientific interpretation of centralised economic life under socialism, considering it in isolation from the public ownership of the means of production, which determines the high level of centralisation and its democratic essence. The planned and balanced organisation and management of the socialist economy is in fact based on the Leninist principles of democratic centralism in economic management, which combines centralised management with the broad creative initiative and energy of the people. The advocates of the centrally-planned economy theory, who reject the objectivity of the economic laws of socialism because they identify objectiveness with spontaneity, ignore the basic differences between commodity-money relations under socialism and capitalist market relations. In this way they oppose improvements in commodity-money relations to the centralised planning, whereas in fact, under real socialism, these relations are a key factor of centralised planning. The ignoring of the objective economic laws of socialism as well as the refusal to understand the nature of socialist property and accept the fact that the socialist state is a state of the whole people underlie the wrong ideas about the objective of socialist production propounded by the theorists of the "centrally-planned economy”. The relations of public ownership of the means of production, inherent in socialism, objectively impel production to be developed in the interest of achieving welfare for all members of society and the unrestricted and harmonious development of each individual.