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Wages are commonly assumed to be exogenously determined in socialist economies. But wages in socialist economies have been determined by a combination of institutional and economic factors.
Economists and others concerned with the theory of wages or with the functioning of Soviet economy will find this investigation of the inequality of wages in the Soviet Union an illuminating study. Based on data used by Soviet administrators in making their decisions, it establishes for the first time in a scientifically acceptable manner the principles according to which differences in earnings in the U.S.S.R. are determined. It is also the first study to present comparable data on the inequality prevailing under capitalism.
Study in economic theory of economic growth in a socialist collective economy - analyses the long run changes occuring in the national income and includes production methods (incl. In respect of the use of capital intensive techniques, supply of labour force, etc.), labour productivity, the structure of investment, etc., and covers the relationship between accelerated growth and problems of international trade. Statistical tables.
Study of workers self management in Yugoslavia, with particular reference to its impact on wage determination - examines the roots and economic theory of workers' management, discusses wage structures and their evolution, and analyses the determinants of interindustry wage differentials. Bibliography pp. 195 to 216, graphs, references and statistical tables.