The Traditional Economic Mechanism

Jan Adam
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Jan Adam: The University of Calgary

Chapter 2 in Why did the Socialist System Collapse in Central and Eastern European Countries?, 1995, pp 21-38 from Palgrave Macmillan

Abstract: Abstract The socialist system of management of the economy or the economic mechanism1 was introduced in the USSR in the 1930s. Its foundation was designed before the start of the first five-year plan, but its building blocks were finally determined on the basis of the experience gained in the process of fulfilling the plan. The organisation of industry in particular went through many changes. The socialisation of the means of production, which was at the foundation of the system, started during the civil war and was completed in the first half of the 1930s with the completion of collectivisation of agriculture. Chapter 9 discusses problems pertinent to ownership relations.

Keywords: Foreign Trade; Wage Differential; Traditional System; Socialist Country; Central Planner (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-24239-9_2

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DOI: 10.1007/978-1-349-24239-9_2

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