In Stressing Economic Results Attention Must Be Paid to the Law of Value

Zhang Zhuoyuan

Chinese Economy, 1984, vol. 17, issue 3, 68-75

Abstract: Economic construction in China made great achievements in the past. However, owing to the errorof left deviation in ideology, lopsided emphasis was put on high accumulation and high speed, resulting in two major problems in the development of the national economy. One problem was low efficiency and serious waste. Another was disproportionate development triggering sharp economic fluctuations. To redress the imbalance we paid a high price.

Date: 1984
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