This paper presents estimates of the macroeconomic consumption function for a Soviet type economy. Systemic differences, however, require that two relations instead of the usual single behavioral relation be estimated. The first relation, which we call the 'planners' consumption function',...

Input-Output models of various types of prices. Prices are derived as characteristic vectors of certain kinds of matrices and price parameters as their characteristic roots. The most general are the three-channel prices that are characteristic vectors of the linear combination of matrices of the...

This essay originated from the discussions of the role of central plan in an economic system with a functioning market mechanism. Such discussions emerged because of the implementation of the 'New Economic System'in Czechoslovakia. Under the old system, the role of the plan was considered clear...

This paper is discussing problems that emerged in the first wave of the voucher privatization in Czechoslovakia (January 1992). The first problem relates to the procedures for evaluation and approval of enterprises’ privatization projects. The original design of the privatization assumed a...

In 1960's there was a controversy in Czechoslovakia about the causes of economic stagnation and about the economic policy, that would lead to resumption of economic growth. One group of economists that contained primarily planners and other government officials, argued that the only way to...

The economic reform of 1960's in Czechoslovakia attempted change to the Socialist Market Economy. That raised the question of compatibility of central planning with the market mechanism. This paper tries to show, that the Soviet-type Command planning is truly incompatible with market. The plans...

This paper reports about experimental calculations of basic types of prices in Czechoslovakia. The calculated prices based on the Input- Output model of the economy were 1)Cost prices, 2)Labor-value prices, 3)Production prices, 4) Income prices. The paper contains theoretical formulation of the...

This is a paper presented at the East-West economic conference in Plovdiv, Bulgaria, 1964. The paper outlines the main features of price policy in the Soviet-type socialist system of Eastern Europe. All the prices were centrally fixed, with the main aim to achieve planned standard of living for...

This is a paper presented at the international symposium on 'Income Distribution and Economic Inequality' in Bad Homburg, West Germany in 1976. This symposium was organized by Zvi Griliches, Wilhelm Krelle, Hans-Juergen Krupp and Oldrich Kyn. The paper compares the empirical evidence on actual...

An article published in Czechoslovakia just before the Soviet invasion of 1968, which stopped the progress of the economic reform aiming to transform the centrally planned command economy into a kind of market socialism. The article was acknowledging that the Marxian economics have no...