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Price Problems in Yugoslav Theory and Practice

In: Economic Development for Eastern Europe

Author

Listed:
  • I. Maksimovic

    (University of Belgrade)

  • Z. Pjanic

    (University of Belgrade)

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.

Suggested Citation

  • I. Maksimovic & Z. Pjanic, 1968. "Price Problems in Yugoslav Theory and Practice," International Economic Association Series, in: Michael Kaser (ed.), Economic Development for Eastern Europe, chapter 0, pages 185-195, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-08470-8_16
    DOI: 10.1007/978-1-349-08470-8_16
    as

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