Preobrazhensky, Evgenii Alexeyevich (1886–1937)
Preobrazhensky was an Old Bolshevik and an original and perceptive Marxist theorist. His main contribution to Marxist political economy concerned the building of socialism in a predominantly agrarian country at a low level of economic development. He argued that socialist accumulation in such a country would require an initial period of original socialist accumulation. That is, economic growth on the basis of investment generated within industry would have to be preceded, in backward Russia with its limited industry, by a period of economic growth on the basis of investment resources obtained from outside the state sector.
KeywordsAccumulation of capital Agriculture and economic development Law of socialist accumulation Marx’s economics New Economic Policy (NEP) (USSR) Over-accumulation Preobrazhensky, E. Socialism Stalin, J. Trotsky, L.
- Erlich, A. 1960. The Soviet industrialization debate. Cambridge, MA: Harvard University Press.Google Scholar
- Karshenas, M. 1995. Industrialization and the agricultural surplus: A comparative study of economic development in Asia. Oxford: Oxford University Press.Google Scholar
- Kautsky, K. 1892. Das Erfurter programm. Stuttgart: Dietz.Google Scholar
- Marx, K. 1867. Das Kapital. Vol. 1. Hamburg: Otto Meissner.Google Scholar
- Rakovsky, C. 1931. Na s”ezde i v strane [At the congress and in the country]. Byulleten’ Oppozitsii (25–26): 9–32. Trans. D. Filtzer as ‘The five year plan in crisis’. Critique (1981), No. 13.Google Scholar
- Sah, R., and J. Stiglitz. 1984. The economics of price scissors. American Economic Review 74: 125–138.Google Scholar
- Sah, R., and J. Stiglitz. 1992. Peasants versus city-dwellers: Taxation and the burden of economic development. Oxford: Oxford University Press.Google Scholar