Some Aspects Of Finance In Countries Attempting To Develop In A Socialist Framework

In a general sense, the problem of finance is the problem of how to obtain a surplus above current human and capital consumption needs and how to allocate this surplus to achieve economic and other goals. For the great majority of countries in the world, economic growth, at as rapid a rate as possible, will be the most important economic goal. The problems of stability of prices and resource use, particularly human resources, will usually be important as well. Indeed there is presumably some positive correlation among growth prices, and levels of resource use, though this may very widely among economies and at different times within the same economy. Furthermore, the distribution of goods and services will have important implications for levels of welfare as well as growth, prices, and rates of resource use.