Wiles, Peter John De La Foss
Wiles, Peter John De La Foss
Born Nov. 25,1919. British economist.
Wiles graduated from Oxford University, where he taught from 1947 to 1960. In 1965 he became a professor at the University of London. Although Wiles is known as a sovietologist, he nevertheless misinterprets the essence of socialist planning, contending that a socialist state pursues subjective and arbitrary economic policies that fail to take into account objective realities. Wiles has helped formulate the theory of the “electronic market, ” which holds that the market, as a form of commodity exchange, is not really necessary, since its function could be performed just as well by a computer.
WORKS
The Political Economy of Communism. Oxford, 1963.Price, Cost, and Output. New York, 1963.
Communist International Economics. New York, 1969.