The Distorted World of Soviet-Type Economies (Routledge Revivals)

Nonfiction, Social & Cultural Studies, Political Science, Government, Communism & Socialism, History, Asian, Russia, Business & Finance, Economics, Economic History
Cover of the book The Distorted World of Soviet-Type Economies (Routledge Revivals) by Jan Winiecki, Taylor and Francis
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Author: Jan Winiecki ISBN: 9781136668210
Publisher: Taylor and Francis Publication: August 16, 2013
Imprint: Routledge Language: English
Author: Jan Winiecki
ISBN: 9781136668210
Publisher: Taylor and Francis
Publication: August 16, 2013
Imprint: Routledge
Language: English

The Soviet Union and Eastern Europe provide unique examples of large-scale relatively highly developed centrally planned economies. In the 1980s economists in both the East and West began to focus with increasingly critical attention on the economies of the Soviet Bloc, in an attempt to explain why they were performing so poorly in comparison with the economies of the Western powers and the capitalist countries of South-East Asia.

First published in 1988 this substantial and innovative contribution to the critical literature on the economies of the former Soviet bloc is unusual in that its author is equally familiar with both Western and Eastern sources. It highlights, in particular, a discrepancy between the behaviour of individuals in Soviet-style economies and that expected of agents in a market system. It proceeds to outline how the consequent discordance between microeconomic practice and macroeconomic planning generates fundamental economic distortions.

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The Soviet Union and Eastern Europe provide unique examples of large-scale relatively highly developed centrally planned economies. In the 1980s economists in both the East and West began to focus with increasingly critical attention on the economies of the Soviet Bloc, in an attempt to explain why they were performing so poorly in comparison with the economies of the Western powers and the capitalist countries of South-East Asia.

First published in 1988 this substantial and innovative contribution to the critical literature on the economies of the former Soviet bloc is unusual in that its author is equally familiar with both Western and Eastern sources. It highlights, in particular, a discrepancy between the behaviour of individuals in Soviet-style economies and that expected of agents in a market system. It proceeds to outline how the consequent discordance between microeconomic practice and macroeconomic planning generates fundamental economic distortions.

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