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The Role of Prices in a Socialist Economy

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Abstract

Until recently pricing was considered a secondary problem in a socialist economy. This was the result both of practices which had become established in the past, and of a set of generally-accepted theoretical postulates. Very little attention was paid to the theory of prices, the deficiency of which profoundly marked recent economic practice.

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Notes

  1. B. Csikos-Nagy, S. Ganczer, L. Rácz, ‘The First Price Model Based on a Product System’, Közgazddsági Szemle, no. 1, 1964, pp. 17–35.

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Michael Kaser

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© 1968 International Economic Association

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Kyn, O. (1968). The Role of Prices in a Socialist Economy. In: Kaser, M. (eds) Economic Development for Eastern Europe. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-08470-8_17

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