 Final SessionBéla Csikós-Nagy Chapter 21 in The Economics of Relative Prices, 1984, pp 526-539 from Palgrave Macmillan Abstract: Abstract Professor Hall, emerging from his role as rapporteur, congratulated the congress on its civilised and polite behaviour. He was used to more blood being spilt on such occasions. He was also pleased that the discussion, for the most part, centred on the fundamentals of economics rather than being obsessed with technicalities. The conference had discussed 20 papers, some of which had little to do with relative prices except in the widest sense. Three themes had emerged: how prices should be set in planned economies; the oil crisis; and exchange rates. The economics of the relationship between developed and developing countries was not a dominant theme; nor were relative prices within capitalism, which were only obliquely mentioned. As an industrial economist, he found the latter very curious. Under capitalism, relative prices were important, not only as a signalling device to economic agents but also as a reflection of relative degrees of monopoly behaviour and performance. As the various dimensions of market structure changed, so too did relative prices. Keywords: Exchange Rate; Real Wage; Government Expenditure; Socialist Economy; Relative Prex (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-06265-2_21 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-06265-2_21 Access Statistics for this chapter More chapters in International Economic Association Series from Palgrave Macmillan |
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