The Correct Relation Between Prices of Producer Goods and Wage Costs in a Socialist Economy

  • Jan Lipinski
Part of the International Economic Association Series book series (IEA)


The subject I chose at first was entitled: ‘Relative prices of capital and consumer goods’. It was one of the topics suggested by the organizers of this Conference. But I had to modify it, because I realized that I would not be able to say much on it, if I had to keep to its literal formulation. For it seems to me that price relations between producer and consumer goods have no significance whatever as parameters for any decisions in a socialist economy. They neither influence the allocation of resources between investment and consumption sectors, nor do they affect investment decisions in particular industries, because those decisions are not governed by higher profitability in money terms.


Price Level Producer Good Project Variant Investment Project Socialist Economy 
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Copyright information

© International Economic Association 1966

Authors and Affiliations

  • Jan Lipinski
    • 1
  1. 1.Central School of Planning and StatisticsWarsawPoland

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