Economic Incentives to Labour
As is well known, Marx in his writings had a vision of an egalitarian society in which there would be no distinction between the remuneration of skilled and unskilled, of mental and physical, of urban and rural labour, but in which work and income would be governed by the principle ‘from each according to his ability, to each according to his needs ’.1 After the Bolshevik Revolution, attempts were made to turn Marx’s dream into reality. But the experiments proved unworkable, with disastrous effects on work discipline and production.
KeywordsMinimum Wage Economic Incentive Socialist Country Incentive Payment Social Consumption
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- 1.K. Marx, Critique of the Gotha Program, Moscow, FLPH, 1947, p. 27.Google Scholar
- 1.J. Artemov, (‘The Distribution and Utilization of the Material Incentives Fund ’), Voprosy ekonomiki (Problems of Economics), Moscow, 5/1969, PP. 29-39.Google Scholar
- 2.I. D. Vuchev, (‘Conditions of the Consumption of Luxury Goods under Socialism’), Finansi i kredit (Finance and Credit), Sofia, 4/1970, P. 33.Google Scholar