The Economy: I — Direction and Motivation

  • W. H. Parker


A country’s economy is the mechanism by which goods and services of material value are produced and disposed of. In this chapter and the next certain aspects of this mechanism will be considered, namely direction and decision-making, the motivation of the decision makers, the organisation of the economy and, finally, output or product, its disposal, and its relation to demand.


Communist Party Large Corporation Economic Power Modern Corporation Soviet Economy 
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    S. D. Gordon, G. G. Dawson and J. Witchel, The American Economy: Analysis and Policy (Lexington, Mass., 1969) p. 7.Google Scholar
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    M. Kaser, Soviet Economics (London, 1970) pp. 88–90.Google Scholar
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    R. W. Campbell, ‘Marxian Analysis’ in The Soviet Economy, ed. H. G. Shaffer (London, 1964) p. 353.Google Scholar
  5. 20.
    H. Schwartz, The Soviet Economy since Stalin (London, 1965) p. 241.Google Scholar
  6. 27.
    V. Packard, The Hidden Persuaders (London, 1957)Google Scholar
  7. and The Status Seekers (London, 1960).Google Scholar

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© W. H. Parker 1972

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  • W. H. Parker

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