The law of supply and demand and its role in a socialist economy

The authors criticize the views of those Chinese economists who have failed to pay attention to the law of supply and demand. According to Lin and Jia, these economists have confused the role of the law of value with the role of price and have mistaken the function of the law of supply and demand as...

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Veröffentlicht in:Chinese economic studies
1. Verfasser: Lin, Wenyi (VerfasserIn)
Weitere Verfasser: Jia, Lurang (BerichterstatterIn)
Format: UnknownFormat
Sprache:eng
Veröffentlicht: 1984
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Zusammenfassung:The authors criticize the views of those Chinese economists who have failed to pay attention to the law of supply and demand. According to Lin and Jia, these economists have confused the role of the law of value with the role of price and have mistaken the function of the law of supply and demand as the function of the law of value. Tremendous overstocking of means of production in the country. Irrational price structure of certain planned commodities. Excessively rigid price system in China. (DÜI-Sen)
Beschreibung:Lit.Hinw. S. 22
ISSN:0009-4552