ABSTRACT
The development of market economy was accompanied by the ideology of laissez-faire, by the theory of the “invisible hand,” and by so-called Say’s law, which postulated that every production not only increases the supply of goods but also creates the demand for them. Neoclassical economics preached automatic stabilization of the economy by marginal adjustment and culminated in an aesthetically pleasing general equilibrium theory developed by Leon Walras. The Planning Bureau is an information-producing establishment. The National Bank must supply the economy with adequate amounts of domestic and foreign money. Equalizing the conditions of economic activity means organizing the economy so that all economic decision-making units earn income under the same starting conditions. Economic development is the ultimate test of the progressiveness of a socioeconomic system. A self-managed economy can be visualized as a gravitational system in which the parliament represents the center of gravity and producing units comprise the periphery.
