ABSTRACT
The economic reform in the USSR has confirmed the essential role of commodity-monetary relations in the system of planned economic management. The use of value categories under socialism in no way contradicts the necessity and possibility for planned economic management. Since the spontaneous impact of the law of value on production—independent of society's interests—is eliminated, profit ceases to be the aim of production, and crises and unemployment disappear. For a long time, certain economists regarded the law of value as alien to socialism or, at any rate, as secondary. For many years, others unequivocally believed that the law of value did not and could not play any kind of regulatory role under socialism. It can be affirmed that in the socialist society the law of value is used for the purpose of observing those optimal planning directions, rates, and proportions in the development of the national economy that are dictated by the aggregate of society's interests.
