A new method has been introduced for calculating the profitability of industrial production that relates profit to the enterprise cost of production, less direct material expenditures.

The 20th Congress of the CPSU posed a number of big and important tasks in the concrete economics of industry. Our economic science has a special role to play in the accomplishment of these tasks. It must seriously tackle problems of simplifying the system of production management, improving...

The resolutions of the September (1965) Plenary Meeting of the CPSU Central Committee were greeted everywhere with great satisfaction, since they meet the demands of life, of objective economic laws, and they follow from the fundamental tasks involved in building the material and technical basis...

The new Party Program adopted by the 22nd Congress of the CPSU presents a number of fundamental propositions from which one should proceed when assessing established planning practice. Of these, the following are most essential for the subject under consideration: "The economic independence and...

The decisions of the Twenty-fifth Party Congress on the general improvement of the effectiveness of production in the Tenth Five-Year Plan and in subsequent periods and on the reliance on quality indicators require preeminently the harmonious efforts of all elements of the production apparatus....

In his article "For Flexible Economic Management of Enterprises" (>u>Pravda>/u>, August 17, 1964), Academician V. Trapeznikov has raised the question of substantially increasing the efficiency of our production on the basis of a correct utilization of profits. This is a trend that many will welcome.