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Distribution according to the needs in the modern regional economics

Author

Listed:
  • Igor Pichurin
  • Jing Jiang

Abstract

The article describes the unconventional look at the Karl Marx’s formula «to each according to his needs», which is usually interpreted as unlimited satisfaction of all the needs of all citizens in a society. According to the formula, the authors of the article suggest the requirements, not as the will of individual citizens or superfluous, but the set of benefits recognized by society and needed to ensure a decent way of life for every citizen. Meeting these needs should not be done through barter, offering an equivalent compensation cost commodity producers, but as well as providing a range of public benefits to citizens according the right of belonging to a community. It is argued, that such a distribution on needs occurs in varying degrees in all countries, both in capitalism and socialism. The share of benefits allocated on demand in different countries varies depending on their level of development and socialization of the economy. It is suggested that in order to ensure sustainable development of the country, the region needs to increase the share of benefits allocated on needs and create in the public consciousness the idea of «reasonable needs».

Suggested Citation

  • Igor Pichurin & Jing Jiang, 2013. "Distribution according to the needs in the modern regional economics," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 76-82.
  • Handle: RePEc:ura:ecregj:v:1:y:2013:i:4:p:76-82
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