ABSTRACT
Traditionally, the Marxists’ views on money have always been negative, largely a reaction against capitalism where money reaches its peak of development and influence. Soon after the Bolshevik Revolution in Russia, steps were taken to replace money with transfers in kind, in accordance with the Marxian long-run ideal of money ‘withering away’ under communism. In 1920 all settlements in money between State enterprises were abolished and practically all wages were paid in kind. But this practice was soon abandoned, and it was officially conceded that money continues to function in a Socialist economy, the attitude adopted since World War II by other Socialist countries, too. In fact the role of money has been substantially enhanced by the recent economic reforms.
