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The Economic Slowdown of 1937

  • R. W. Davies
  • Mark Harrison
  • Oleg Khlevniuk
  • Stephen G. Wheatcroft
Chapter

Abstract

The year 1937 began with widespread food shortages, following the failure of the 1936 harvest. At first it appeared that the management of the Soviet economy was entering a phase of restraint, with less emphasis on accumulation and industrial growth. During the year, however, the planned economy was disrupted. One factor was the persistent tendency of investment plans to revert to over-ambition. Another was the relentless purging of economic officials. The growth of industrial production was halted.

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© The Author(s) 2018

Authors and Affiliations

  • R. W. Davies
    • 1
  • Mark Harrison
    • 2
  • Oleg Khlevniuk
    • 3
  • Stephen G. Wheatcroft
    • 4
  1. 1.Centre for Russian, European, and Eurasian StudiesUniversity of BirminghamBirminghamUK
  2. 2.Department of EconomicsUniversity of WarwickCoventryUK
  3. 3.National Research University Higher School of EconomicsMoscowRussia
  4. 4.School of Historical and Philosophical StudiesUniversity of MelbourneMelbourneAustralia

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