Gunnar Myrdal Quote

The term 'economic planning' and perhaps still more bluntly 'planned economy' contains a tautology... The word 'economy' by itself implies, of course, a co-ordination of activities, directed towards a purpose. It implies a subject, a will, a plan, and a rational adaptation of means towards an end or or a goal. To add planned in order to indicate that this co<ordination of activities has a purpose, does not make much sense or cannot, anyhow, be good usage. Language, as we know, is full of illogicalities.

G. Myrdal (1951), "The Trend Towards Economic Planning." The Manchester School, 19: 1–42.