ioncannon152
21st November 2005, 05:00
I was wondering how do economics work in communist/socialist societies?
What would replace the market system and supply and demand?
If there was a scarcity, who would get what?
How is the value of something determined? If labor-time is the unit, would 2 hours of labor by a doctor be equivalent to 2 hours of labor by a shoe-maker?
Also, would all communes be self-sufficient? Would there be exchange of goods between communes? Would there be communes specializing in a certain type of good? i.e. commune A producing wheat, while commune B producing shoes
Thx.
What would replace the market system and supply and demand?
If there was a scarcity, who would get what?
How is the value of something determined? If labor-time is the unit, would 2 hours of labor by a doctor be equivalent to 2 hours of labor by a shoe-maker?
Also, would all communes be self-sufficient? Would there be exchange of goods between communes? Would there be communes specializing in a certain type of good? i.e. commune A producing wheat, while commune B producing shoes
Thx.