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Price-Fixing and the Decentralization of Planning

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Price Formation in Various Economies

Part of the book series: International Economic Association Series ((IEA))

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Abstract

In a planned economy, price policy is one of the most important methods of exercising control over the process of ‘social reproduction’, i.e. of the production, marketing, and consumption of goods. In principle, collective ownership of the major means of production can ensure that prices develop in an orderly manner and that their levels and fluctuations are subordinated to the growth requirements of the economy as a whole.

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Authors

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Douglas Hague

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© 1966 International Economic Association

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Typolt, J. (1966). Price-Fixing and the Decentralization of Planning. In: Hague, D. (eds) Price Formation in Various Economies. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08467-8_8

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