Plan and market under socialism / Ota Šik.

Translation from Czech and revision of K problematice socialstických zbožních vztahů.

I. Development of a socialist market theory and its practical application in Czechoslovakia -- 1) Prevalent Marxist views on market relationships under socialism -- 2) Results applying erroneous commodity-money theories, and management by administrative measures in the economy of Czechoslovakia.

II. A planned economy and market relationships -- 1) The general and direct social orientation of labor under socialism -- 2) The necessity for socialist market relationships -- 3) Special features of socialist market relationships.

III. Special features of socialist price formation -- 1) Basic construction of prices -- 2) Economic formation of wholesale prices and their trends -- 3) Construction of trade prices -- 4) Market or retail prices.

IV. Money under socialism -- 1) Previous concepts of money under socialism -- 2) The function of money under socialism -- 3) Management of financial processes in the new system -- 4) Using financial instruments in planning.

"Ota Šik's book entitled Plan and Market Under Socialism is devoted to a critical analysis of the hitherto simplified conception of economic theory and practice prevailing in socialist countries, according to which market relations represented a considerably formalized and limited process in the planned economy of those countries. Contrary to this conception, the author demonstrates the objective necessity of market relations within the framework of socialist planning and why it is necessary to utilize the market in the interest of ensuring optimum economic growth. The book is divided into four chapters. The introductory chapter affords a brief picture of the development of socialist commodity and financial theory, beginning with the ideas of Marx and Engels and continuing right up to the interpretation still predominating in the works of economists of the socialist countries." -- From the dust jacket.