The Second Economy in the Soviet Union

Louise I. Shelley

Chapter 2 in The Second Economy in Marxist States, 1990, pp 11-26 from Palgrave Macmillan

Abstract: Abstract The Soviet economy is a model for many nations that have followed the socialist form of economic development. Many of these states adopted a centrally-controlled and state dominated economy. An examination of their economies reveals that many socialist nations have followed the same pattern as the USSR. A centralised planning process, a system of fixed wages, established price controls, and extensive regulations govern the official economy. But alongside the official economy, a large unofficial economy, popularly called the second economy,1 has arisen, adding much flexibility to the economic system.

Keywords: Illegal Activity; Shadow Economy; Economic Crime; Collective Farm; Soviet Economy (search for similar items in EconPapers)
Date: 1990
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DOI: 10.1007/978-1-349-20422-9_2

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