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Abstract

In 1931–3 the Soviet Union plunged into a profound economic and social crisis, from which it began to emerge only in the last few months of 1933. In belated response to the crisis, the Soviet authorities - and Stalin personally - gradually relinquished the rash over-confidence which characterised their economic policies at the beginning of the period; by the end of 1933 both the annual plans and the draft second five-year plan were far more realistic. The crisis also imposed on the authorities an anguished search - in both principle and practice - for a more flexible economic system. In the system which had emerged by the end of 1933, market and quasi-market elements, and economic incentives, played a definite though subordinate role; this system continued without fundamental change until 1985.

Keywords

Machine Tool Retail Prex Capital Equipment Western Technology Soviet Authority 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© R. W. Davies 1996

Authors and Affiliations

  • R. W. Davies

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