ABSTRACT
This chapter describes the laws of motion that are central to the socialist mode of production are specified in detail. It explains credits are the means of payment for use-values within the socialist mode of production. The chapter emphasizes non-price market clearing mechanisms as central to socialism. Such mechanisms exist when a market is cleared without direct emphasis on price adjustments. The chapter discusses the reality of systemic intersection which is evident here because competition for jobs does exist in the present capitalist mode of production. It must exist within the socialist and communist modes of production as well. The chapter identifies an alternative method of coordination based on social cooperation rather than individual competition. It offers a substitute mechanism for the information, incentive, and distribution functions that are performed by prices in capitalist societies. The notion that socialist enterprises form price formation subcommittees of workers councils is one that is fairly uncommon in the literature on socialist pricing.
