The Formation of Prices and the Problem of Money under Socialism
In the discussion on the determination of prices under socialism the basic attention of its participants normally is concentrated on defining the principles of determining prices which most completely take into account the demands of the law of value. But some economists ignore, in our opinion, two rather important circumstances. First, the law of value under socialism does not operate in isolation, but in the system of economic laws of socialist society. If one considers that under capitalism the law of value is modified according to the basic law of that order, into the law of prices of production, and then at the stage of imperialism into the law of monopoly prices, so much more is its modification unavoidable under conditions of socialism when it ceases to be the regulator of production and is subjected to the operation of the basic economic law of socialism and the law of planned, proportional development of the national economy. Secondly, all the participants of discussion admit that under socialism price is the money expression of the value of commodities. Nevertheless, when studying the operation of the law of value in the process of the determination of prices, the role of money is often ignored.
Year of publication: |
1958
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Authors: | Konnik, I. |
Published in: |
Problems of Economic Transition. - M.E. Sharpe, Inc., ISSN 1061-1991. - Vol. 1.1958, 3, p. 47-51
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Publisher: |
M.E. Sharpe, Inc. |
Saved in:
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