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- W30788076 abstract "This chapter discusses the socialist price policy. The crucial weakness of the traditional price system would seem to be its failure to encourage a proper and sufficient economy of capital equipment. It provides an inducement to industrial managements to be profligate of fixed capital, both in the sense of failing to economize sufficiently in its use and upkeep and of having a chronic bias toward the choice of more capital-intensive methods of production than the economy as a whole can really afford. This is the reason that cost is interpreted exclusively as prime cost. A contributory reason is the narrowness of the customary profit-margin, or difference between the industries' selling price and cost as interpreted and because this narrowness places a large premium upon reducing sebestoimost at all cost, at the cost of using, and over-using, the most expensive forms of equipment." @default.
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- W30788076 date "1965-01-01" @default.
- W30788076 modified "2023-09-25" @default.
- W30788076 title "SOME FURTHER COMMENTS ON THE DISCUSSION ABOUT SOCIALIST PRICE-POLICY" @default.
- W30788076 doi "https://doi.org/10.1016/b978-0-08-011588-7.50011-x" @default.
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