Cybernetics

see here

The word cybernetics comes from Greek κυβερνητική (kybernētikḗ), meaning "governance", i.e., all that are pertinent to κυβερνάω (kybernáō), the latter meaning "to steer, navigate or govern", hence κυβέρνησις (kybérnēsis), meaning "government", is the government while κυβερνήτης (kybernḗtēs) is the governor or "helmperson" of the "ship".

Cybernetics is quite a broad term, and covers a wide range of situations, but is generally whenever there is some automatic mechanism with an information based feedback loop. Scaling up to the level of socioeconomic governance would not invalidate the term, and there were some efforts along those lines as noted below.

Cybernetics and economic systems

The design of self-regulating control systems for a real-time planned economy was explored by Viktor Glushkov in the former Soviet Union during the 1960s. By the time information technology was developed enough to enable feasible economic planning based on computers, the Soviet Union and eastern bloc countries began moving away from planning[22] and eventually collapsed.

More recent proposals for socialism involve "New Socialism", outlined by the computer scientists Paul Cockshott and Allin Cottrell, where computers determine and manage the flows and allocation of resources among socially-owned enterprises.[23]

as well as here we have

Proposals for utilizing computer-based coordination and information technology for the coordination and optimization of resource allocation (also known as cybernetics) within an economy have been outlined by various socialists, economists and computer scientists, including Oskar Lange, the Soviet engineer Viktor Glushkov, and more recently Paul Cockshott and Allin Cottrell.

Cybernetics

see here

The word cybernetics comes from Greek κυβερνητική (kybernētikḗ), meaning "governance", i.e., all that are pertinent to κυβερνάω (kybernáō), the latter meaning "to steer, navigate or govern", hence κυβέρνησις (kybérnēsis), meaning "government", is the government while κυβερνήτης (kybernḗtēs) is the governor or "helmperson" of the "ship".

Cybernetics is quite a broad term, and covers a wide range of situations, but is generally whenever there is some automatic mechanism with an information based feedback loop. Scaling up to the level of socioeconomic governance would not invalidate the term, and there were some efforts along those lines as noted below.

Cybernetics and economic systems

The design of self-regulating control systems for a real-time planned economy was explored by Viktor Glushkov in the former Soviet Union during the 1960s. By the time information technology was developed enough to enable feasible economic planning based on computers, the Soviet Union and eastern bloc countries began moving away from planning[22] and eventually collapsed.

More recent proposals for socialism involve "New Socialism", outlined by the computer scientists Paul Cockshott and Allin Cottrell, where computers determine and manage the flows and allocation of resources among socially-owned enterprises.[23]

as well as here we have

Proposals for utilizing computer-based coordination and information technology for the coordination and optimization of resource allocation (also known as cybernetics) within an economy have been outlined by various socialists, economists and computer scientists, including Oskar Lange, the Soviet engineer Viktor Glushkov, and more recently Paul Cockshott and Allin Cottrell.

Also worth mentioning is Chile's Project Cybersyn, named from "Cybernetic Synergy", which was an attempt to increase government efficiency with a computerized decision support system, although Cybersyn would still have humans to make an ultimate decision, it is technically a computer program whose decisions help to inform governance.