Price Problems in Yugoslav Theory and Practice

Abstract

It was long the assumption of Marxists that the economic mechanism of socialism would operate with the sort of parameters typical of the natural sciences; production units would merely be technical and organizational components of the system, and the distribution of available labour would be calculable as a technological relationship. This belief has not been borne out by the practical experience of socialist countries, which has shown that rational calculation requires a determinate system of prices; a much wider field is thus left to economic laws than had originally been thought.