Calculating without money. Theories of in-kind accounting of Alexander Chayanov, Otto Neurath and the early Soviet experiences

Eric Magnin and Nikolay Nenovsky ()

The European Journal of the History of Economic Thought, 2021, vol. 28, issue 3, 456-477

Abstract: This paper focuses on Soviet practices and debates on money during the 1918–1921 period. In the first part, we briefly present the Bolshevik policy and discussions on eliminating money as a means of payments and calculation. In the second part, we outline in details A. Chayanov's model of in-kind accounting by making some comparisons with O. Neurath’s proposals for an economy in kind. The latter had a decisive influence on Soviet Russia. Finally, we conclude with some reflections on the role of these models for ecological economics, modern efficiency measuring and monetary theory.

Date: 2021
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DOI: 10.1080/09672567.2020.1849339

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