ABSTRACT

The main contradiction in the present understanding of the essence of socialist property is manifested in national economic practice: everyone should theoretically be extremely interested in making thrifty, rational use of public property. The Law on Individual Labor Activity legalized the rather broad participation of personal property in the social reproduction process and it unquestionably has prospects for growth. The notion that “public property” and “state property” are completely identical concepts under socialism and that the terms that express them are synonyms is common to contemporary literature on political economy. The economic activity of the state as a system of state institutions that is based on state property, and the satisfaction of the material needs of the people as the aggregate of society’s members on the basis of public property in the means of production, are not essentially identical tasks. The property of social organizations is frequently regarded in the literature as an independent form of property.