Abstract
The article seeks to analyse the relationship between different forms of economic calculation in the Soviet Union, concentrating on monetary calculations used by the State Bank and on the use of ‘material balances’ and of input‐output analysis in planning the Soviet economy. It provides a critique of Bettelheim's analysis of the role of monetary calculation in the Soviet Union and, using the work of Lavigne, attempts to provide a foundation for a specific analysis of economic calculation (and hence, relations of production) in the Soviet Union. The article concludes by arguing that the variety of methods of calculating used in the Soviet Union, and the generation of ‘needs’ by organisational exigencies which may not be fully taken into account in the main methods of calculation, undermine the common conception of planning as the rational pursuit of certain ideal ends, a conception which is unfortunately still influential in many socialist conceptions of planning. Finally, in rejecting the view that one can conceive of socialism as a certain ideal state of affairs, the article argues that political critiques of the Soviet Union do not entail the rejection of the view that it is a socialist society.

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