Introduction

This introduction presents an overview of the key concepts discussed in the subsequent chapters of this book. The book discusses where, when, and how the economic policies went astray. It argues that the implementation of any plans should rely more on the proper role and use of the marketplace, and pricing and fiscal policies, than on administrative decree. The book suggests that the enterprises should be responsible for their own profits and losses. It deals with the problems of optimizing levels of accumulation of capital, which will maximize rates of economic growth. The book describes the relationship between the level of accumulation and the rate of economic growth. It focuses on policies for rural areas; policies on the collectivized economy and individual enterprises; policies on competition and comparative advantages; and policies on pricing. The book is concerned with the transformation of ownership of the means of production.