Law of Value - The Law of Value in Soviet-type Societies

The Law of Value in Soviet-type Societies

There has been a long and drawn-out debate among Marxists about whether the law of value also operates in non-capitalist societies where production is directed mainly by the state authorities. This debate occurred separately from the socialist calculation debate. There is still little agreement on the issue, because different Marxists use different definitions and concepts which are often influenced by political attitudes (for example, some regarded the Soviet Union as "socialist", others as "capitalist", and still others as "neither capitalist nor socialist").

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