The Law of Supply and Demand and Its Role in a Socialist Economy

Lin Wenyi and Jia Lurang

Chinese Economy, 1984, vol. 18, issue 2, 3-22

Abstract: In studying the theory of how to regulate socialist economy during the preceding period, people failed to pay attention to the law of supply and demand, a law unique to market commodity circulation. In discussing the basis for market regulation, they generally ascribed it to regulation by means of the law of value. We believe this is a major drawback, and in this article we propose to offer some preliminary views on the issue.

Date: 1984
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