The Marginalist Treatment of the Law of Value Under Socialism

History has demonstrated that the problem of commodity-monetary relations is one of the most difficult problems not only in the political economy of socialism but also in the practice of building socialist society. It is for this very reason that anticommunists, treating this problem in a false light, have tried to distort the' patterns of socialist construction. In this respect, it is very characteristic that bourgeois economists launched the discussion on the law of value under socialism at the very time when the Communist Party and V. I. Lenin presented scientific substantiation for the necessity of commodity production under socialism and elaborated a program for the broad, conscious utilization of the tools of a commodity-monetary economic system. In 1921, Ludvig von Mises, one of the pillars of modern anticommunism and an "economist of international renown," as he is represented in modern bourgeois literature, wrote an article entitled "Economic Accounting in Socialist Society," which laid the foundation for unscientific bourgeois literature on questions pertaining to commodity-monetary relations under socialism.