The Economics of Socialism After World War Two: 1945-1990

Abstract

Cover -- Half Title -- Title Page -- Copyright Page -- Contents -- Glossary of Socialist Economic Terms -- 1 Background of Modern Socialist Economics -- A. The Socialist Economic System -- B. Models of the Socialist Economy -- C. Economic Reforms -- D. The New Socialist Economics -- 2 Planning and the Market -- A. Basic Principles of Socialist Planning -- B. The Complex Method of Inter-Branch Balances -- C. The Problem of Optimal Planning -- D. The Role of the Market -- E . Relevance of the Stage of Economic Development -- 3 Profit -- A. The Function and Determination of Profit -- B. The Distribution of Profits -- C. Profits and Prices -- D. Profit under Capitalism and under Socialism -- 4 Production and Growth -- A. National Income Accounting -- B. The Organization of Production -- C. The Structure of Production -- D. Rates of Growth -- 5 Accumulation -- A. Accumulation v. Current Consumption -- B. Investment and Socialist Reproduction -- C. The Efficiency of Investment -- D. The Financing of Investment -- 6 Consumption -- A. The Planned Consumption Model -- B. Private and Social Consumption -- C. Consumption and the Operation of Material Incentives -- D. The Question of Consumer's Sovereignty -- 7 Labour -- A. Conditions and Organization of Labour -- B. The Size and Structure of Wages -- C. Economic Incentives -- D. Growth of Labour Productivity and Wage Increases -- 8 Land -- A. The Socialization of Land -- B. The Problem of Ground Rent -- C. Prices of Agricultural Products -- D. The Position of Agriculture -- 9 Pricing -- A. The Law of Value -- B. The Institutional Framework for Price Determination -- c. Producers' and Retail Prices -- D. Price Stability and Flexibility -- E . Optimal Prices -- 10 Money and Banking -- A. Money and Monetary Policy -- B. The Banking System -- C. Credit and Interest -- D. Socialist Inflation