1989International Journal of Social EconomicsRequires access

On the Socialist Market System and its Model

Zhang Wen Xian

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Abstract

It is argued that a unified socialist market should be a solid, full‐view market, and that whether the market system is complete or not has an important effect on the development of a commodity economy. Thus it is required of the socialist commodity economy that in order to promote a complete market system, it is required to include commodities, funds, technology, information and labour, and that this model should be reflected in all its aspects. The concept of market from a social and an economic view is discussed.

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It is argued that a unified socialist market should be a solid, full‐view market, and that whether the market system is complete or not has an important effect on the development of a commodity economy. Thus it is required of the socialist commodity economy that in order to promote a complete market system, it is required to include commodities, funds, technology, information and labour, and that this model should be reflected in all its aspects. The concept of market from a social and an economic view is discussed.

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Available abstract

It is argued that a unified socialist market should be a solid, full‐view market, and that whether the market system is complete or not has an important effect on the development of a commodity economy. Thus it is required of the socialist commodity economy that in order to promote a complete market system, it is required to include commodities, funds, technology, information and labour, and that this model should be reflected in all its aspects. The concept of market from a social and an economic view is discussed.

Key concepts: Commodity, Socialist market economy, Order (exchange), Economics, Market economy, Commodity market, Factor market, Market socialism

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