ABSTRACT
It can be said without any exaggeration that, as a sphere of human scholarly and practical activity, economics is becoming one of the main objects of public attention in the second half of the twentieth century. This is especially true in socialist countries, where the people's efforts are resolving problems concerned with the creation of materially and morally flourishing societies. The economic measures that are being implemented in our country and in other socialist nations are specifically and chiefly aimed at increasing the effectiveness of social production through improvements in the system of centralized planning and management, through the intensification of economic incentives both for individual workers and for entire production collectives, and through the deeper understanding and utilization of economic laws in the management of the national economy. In the course of implementing the reform, many problems requiring obligatory resolution arise.
