Technological Progress and Socialism

J. Wilczynski
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J. Wilczynski: Central School of Planning and Statistics

Chapter 1 in Technology in Comecon, 1974, pp 1-22 from Palgrave Macmillan

Abstract: Abstract The economic system which prevailed in the Comecon countries1 up to about the mid-1960s was noted for a highly hierarchical structure of planning and management. In each country, five-year, annual and quarterly plans were determined by the State Planning Commission, in which the details of inputs, targets to be reached, the distribution of the output produced and even methods of production were all handed down the hierarchical ladder. These details were worked out by the Commission by means of input-output tables and finally compressed into a systematic ‘matrix of inter-branch balances’ showing the so-called technical coefficients of production (also known as technical norms of production or coefficients of material utilization, or coefficients of material intensity).

Keywords: Technological Progress; National Income; Technical Progress; Socialist Economy; Fixed Capital (search for similar items in EconPapers)
Date: 1974
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-01794-2_1

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DOI: 10.1007/978-1-349-01794-2_1

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