An ideal market – a model of capitalism or a normative ideal of socialism?

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Abstract

It is shown that the ideal market model is not a positive model of capitalist society, but an apologetic ideologeme, which, however, can play an important role as a normative ideal of socialism. If a price vector is set in an economic system, it determines the equilibrium state corresponding to it. If this vector is optimal, then the equilibrium state corresponding to it will be optimal. The socialist goal of economic management can be formulated as the approximation of the prices existing in the economic system to the optimal vector. The desired degree of its adjustment can be determined by achieving equality between the marginal costs of market transactions and management. The most successful examples of management are related to cases when the authors of one or another “economic miracle” found a balance between market and planned methods. The search for such an optimal relationship is the task of economics as a science, from the point of view of its social significance.

About the authors

D. G. Egorov

University of the FPS of Russia (Pskov branch)

Author for correspondence.
Email: de-888@ya.ru
Pskov, Russia

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