Political Economy of Socialism: Theoretical and Practical Controversies of “All-People Socialist” Ownership

Plamen Tchipev

A chapter in Origins and Change of the Social Market Economy, 2023, pp 197-207 from Springer

Abstract: Abstract This chapter focuses on one of the major problems of the socialist economies, which were unable to provide needed level of independence for efficient functioning of their enterprises within the constraints of the socialist ownership. Requirement to preserve and maintain the sole existence of the latter was set by the socialist political economy as an unquestionable condition for the socialist economic system. Thus, a seemingly simple practical issue appeared eventually as a complex knot of both theoretical and practical problems, which initiated a lot of attempts for their resolution. The reforming efforts had been carried out in the various socialist countries up to the end of 1980s, i.e. to the last days before the system breakdown. The paper focuses on the experience from the Soviet Union and Bulgaria.

Keywords: Comparative economic systems; Property rights theory; Socialist political economy; NEP (New Economic Policy); All-people socialist ownership; B14; B24; G34; L22; P26; P31 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:spr:euhchp:978-3-031-39210-8_12

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DOI: 10.1007/978-3-031-39210-8_12

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