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The paper is based on the idea that management of a national economy is a complex cybernetic system. By considering the Romanian economy the author postulates that the relations between socio‐economic macro‐systems should be expressed in terms of national income. On the basis of the model thus established future developments in various macro‐systems are predicted, e.g. in production, technology, population, labour force, etc. The author then describes a system for the prognosis of social and economic developments in Romania up to the year 2000. In order to achieve this object a Control Commission for Prognosis has been established under the chairmanship of Mr. Nicolae Ceauşescu, the President of Romania.