- Title Pages
- Dedication
- Figures
- Tables
- Preface
- 1 The Subject and Method
- 2 The Antecedents and Prototypes of the System
- 3 Power
- 4 Ideology
- 5 Property
- 6 Coordination Mechanisms
- 7 Planning and Direct Bureaucratic Control
- 8 Money and Price
- 9 Investment and Growth
- 10 Employment and Wages
- 11 Shortage and Inflation: The Phenomena
- 12 Shortage and Inflation: The Causes
- 13 Consumption and Distribution
- 14 External Economic Relations
- 15 The Coherence of the Classical System
- 16 The Dynamics of the Changes
- 17 The “Perfection” Of Control
- 18 Political Liberalization
- 19 The Rise of the Private Sector
- 20 Self‐Management
- 21 Market Socialism
- 22 Price Reforms
- 23 Macro Tensions
- 24 Concluding Remarks
- References
- Bibliography on Postsocialist Transition
- Author Index
- Subject Index
Price Reforms
Price Reforms
- Chapter:
- (p.513) 22 Price Reforms
- Source:
- The Socialist System
- Author(s):
János Kornai (Contributor Webpage)
- Publisher:
- Oxford University Press
One of the major tendencies in the move away from the classical socialist system is a modification of the price system. This is closely related to the revival of the private sector and reform of the control of the state sector towards market socialism. The price reforms described in this chapter alter the coordination mechanisms and behaviour of participants in the economy. They do not cause a radical change but are sufficiently important to qualify as part of the reform process. The different sections of the chapter discuss changes in the determination of product prices as a result of a change in the proportions of the areas in which each of the three types of price determination (administrative, pseudoadministrative, and market) occur; determination of the prices of production factors; principles and practice of state price determination and fiscal redistribution; and the scope and limits of price reforms.
Keywords: classical socialism, fiscal redistribution, price determination, price reform, prices, product prices, production factors, reform, socialist systems, state price determination
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- Title Pages
- Dedication
- Figures
- Tables
- Preface
- 1 The Subject and Method
- 2 The Antecedents and Prototypes of the System
- 3 Power
- 4 Ideology
- 5 Property
- 6 Coordination Mechanisms
- 7 Planning and Direct Bureaucratic Control
- 8 Money and Price
- 9 Investment and Growth
- 10 Employment and Wages
- 11 Shortage and Inflation: The Phenomena
- 12 Shortage and Inflation: The Causes
- 13 Consumption and Distribution
- 14 External Economic Relations
- 15 The Coherence of the Classical System
- 16 The Dynamics of the Changes
- 17 The “Perfection” Of Control
- 18 Political Liberalization
- 19 The Rise of the Private Sector
- 20 Self‐Management
- 21 Market Socialism
- 22 Price Reforms
- 23 Macro Tensions
- 24 Concluding Remarks
- References
- Bibliography on Postsocialist Transition
- Author Index
- Subject Index
