Problems of Planning in Socialist Countries
wherein X is the quantity of output, 1,2, … i, j, … m, the different products; a ij the expenditure of product i for a unit of product j; and b ij production funds from product i for a unit of j. In the balance of product i, a ij X j are the quantities which are allocated for use in material product; b ij X j the quantities of i for fixed and working capital; and Y i is the part devoted to consumption, to requirements other than for material production and to export. The national economic planning already practised for several decades is in fact an uninterrupted process of solving a system of equations, and the present search for better methods is essentially for refinements of the traditional solution. Four specific problems can be enumerated.
KeywordsMaterial Input Regional Problem Specific Fund Socialist Country Price Formation
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- 2.L. Kantorovich, Ekonomichesky raschet nailuchshego ispolzovaniya ressursov, Moscow, 1959 (English trans. The Best Use of Economic Resources, Oxford, and Cambridge (Mass.), 1965).Google Scholar