... set in a similar fashion to Western 'market-determined' prices - 'In these markets, the collective farmers sell their produce (from private plots and after meeting state targets) at prices determined by supply and demand'.1 Of the prices which are centrally determined, I will firstly discuss industrial wholesale prices. These can be defined as those which operate within the state sector of the economy and it can be argued that the most significant function of these is to facilitate the process of accounting, by virtue of having a universal measure or equivalent to compare industrial output, efficiency and compliance with planned targets. In the words of Felker, 'Although resource allocation is determined in quantitative physical terms, input and output targets for the enterprise are calculated in value terms in order to arrive at common denominators for physically dissimilar units of raw materials, labour and capital equipment... ...In addition, value calculations aid financial ...

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