Money as a Means of Communication and Reforms in Eastern Europe: Some Propositions

Raimund Dietz

Chapter 18 in The Challenge of Simultaneous Economic Relations with East and West, 1990, pp 204-206 from Palgrave Macmillan

Abstract: Abstract 1. In the capitalist Western world economic communication rests on money mediated exchange between private economic agents. In a monetarised economy the state may also act as a private economic agent.

Keywords: Budget Constraint; Socialist Economy; Exchange Relation; Ambiguous Role; Allocative Efficiency (search for similar items in EconPapers)
Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-11409-2_18

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DOI: 10.1007/978-1-349-11409-2_18

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