Risk and Uncertainty in the Management of Soviet Firms

Ivan M. Siroyezhin

Chapter Chapter 15 in Risk and Uncertainty, 1968, pp 359-374 from Palgrave Macmillan

Abstract: Abstract In a socialistic order many factors which to a typical private enterprise are major sources of risk and uncertainty are of minor import-ance. However, this does not mean that risk and uncertainty are absolutely non-existent under socialistic manufacturing conditions. They exist, and they are factors which have to be taken into account in the process of management and decision-making. But under the socialistic socio-economic conditions, the nature of risk and un-certainty is different from that of a capitalist manufacturing economy.

Keywords: Monetary Policy; Private Enterprise; Socialist Economy; Price System; Decision Matrix (search for similar items in EconPapers)
Date: 1968
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-15248-3_15

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DOI: 10.1007/978-1-349-15248-3_15

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