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The Classical Soviet-Type Economy

Nature of the System and Implications for Reform

Bibliographic Data

ID4028985
AuthorsRichard E Ericson (0000-0001-6846-5136, Professor of Economics, Columbia University, New York, New York., corresponding author)
Year1991
Volume5
Issue4
Pages11-27
Publication date1991-11-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic Perspectives (JOURNAL)
Journal identifiersISSN: 0895-3309 • E-ISSN: 1944-7965
PublisherAmerican Economic Association (PUBLISHER • US)
DOI10.1257/jep.5.4.11
OpenAlexW2035247929
LanguageEN
Citations received26
References cited9

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

Economic policy · Economic reform · Economic system · Economics · Management · Market economy · Political economy · Political science · Soviet union · Economic Theory and Institutions · History · Law · Post-Communist Economic and Political Transition · Russia and Soviet political economy

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Unique citing works26
Citations per year0,76
Citation span1992 - 2022 (31)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 25

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