Georgi Petrov and the model of socialist market economy in Bulgaria

Nikolay Nenovsky and Tsvetelina Marinova

MPRA Paper from University Library of Munich, Germany

Abstract: We provide brief information about the context of the 1963 reform. This is followed by a presentation of the main themes and ideas in Georgi Petrov's life research project, which systematically and logically derives the need for decentralisation of the economy, a transition from directive planning to economic levers, granting full autonomy to enterprises included in market mechanisms and profit incentives.

Keywords: Socialist market reform; socialist economy; socialist and marxist theory; socialist Bulgaria; Georgi Petrov (search for similar items in EconPapers)
JEL-codes: B24 B31 B40 N14 P2 (search for similar items in EconPapers)
Date: 2025-11-26
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