News

A series of reports “Debunking economic illusions”. Part 3: Is real production primary in economy?

18412-img

Soviet ideology was emphasizing exclusivity of working class. It was stressed that welfare was created by real production only. Trade and other forms of intermediation were branded ‘speculations’ which were believed to parasitize on the body of society. Still the reality of a healthy economic life is somewhat different to what the Soviet ideology was saying and real production is only one, usually not the most important, element of the whole economic process. For more details about the illusions related to real production, please, see report "Illusion #3: Is real production primary in economy?".

March 18, 2014