AbstractsEconomics

This is a theoretical and empirical study. Its purpose is to discuss the problems of capital accumulation and allocation in a specific set-up of that type of a socialist economy which the communists have created in the countries in which they rule. Although China and other Asiatic communist countries are not discussed, it seems that the majority of characteristic features of the system exist in those countries as well. The term "communist system" is accepted here to cover not the theoretical ideal, but the system actually existing in real life, at the present time.