Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

The Classical Soviet-Type Economy: Nature of the System and Implications for Reform

The Classical Soviet-Type Economy: Nature of the System and Implications for Reform Abstract Below I will outline the traditional Soviet economic system, developing its logic of institutions and interactions, and pointing out their natural economic consequences. This will lead me to a list of defining characteristics of that system, characteristics that are mutually dependent and supporting and hence must be changed more or less simultaneously if effective reform is to take place. One implication is that step-by-step measures are likely to fail. Instead, complete replacement of the economic system, as apparently intended by many East European reformers, seems necessary for a market-based system to begin functioning. This will be a truly monumental task and nowhere more so than in the Soviet Union. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

The Classical Soviet-Type Economy: Nature of the System and Implications for Reform

Journal of Economic Perspectives , Volume 5 (4) – Nov 1, 1991

Loading next page...
 
/lp/american-economic-association/the-classical-soviet-type-economy-nature-of-the-system-and-OpkxTQEv8M

References

References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.

Publisher
American Economic Association
Copyright
Copyright © 1991 by the American Economic Association
Subject
Articles
ISSN
0895-3309
DOI
10.1257/jep.5.4.11
Publisher site
See Article on Publisher Site

Abstract

Abstract Below I will outline the traditional Soviet economic system, developing its logic of institutions and interactions, and pointing out their natural economic consequences. This will lead me to a list of defining characteristics of that system, characteristics that are mutually dependent and supporting and hence must be changed more or less simultaneously if effective reform is to take place. One implication is that step-by-step measures are likely to fail. Instead, complete replacement of the economic system, as apparently intended by many East European reformers, seems necessary for a market-based system to begin functioning. This will be a truly monumental task and nowhere more so than in the Soviet Union.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Nov 1, 1991

There are no references for this article.