The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Soviet Union, Economics in

  • Vincent Barnett
Reference work entry


Soviet economics reflected the contradictory attitude of Marxist theory to Western economics, and the different stages of the development of the Soviet economy itself. The most original work occurred in the 1920s, with many contributions by Soviet- based economists to fields like business-cycle analysis and agricultural economics still enduring today. After 1929 the repression of leading intellectuals affected economists in a particularly damaging way, and Soviet economics never recovered its cutting-edge position thereafter. After 1953 a partial thaw led to reform-minded economists gaining confidence, and their efforts provided inspiration for the early stages of market reform after 1985.


Abalkin, L. Aganbegyan, A. Aslund, A. Austrian Economics Banking Crises Barazov, V. Bogdanov, A. Bohm-Bawerk, E. von Bourgeois Economics Brutzkus, B. Bukharin, N. Capitalism Central Planning Chayanov, A. Chetverikov, N. Commons, J. Conjuncture Institute (USSR) Domar, E. Econometric Society Fel’dman, G. Fisher, I. Gaidar, Y. Gerchuk, Y. glasnost Gorbachev, M. Greman, V. Hayek, F. von Hyperinflation Industrial Democracy Kagarlitsky, B. Kantorovich, L. Katsenelinboigen, A. Keynes, J. M. Kolmogorov, A. Kondratieff Cycles Kondratieff, N. Konyus, A. Koopmans, T. Kornai, J. Kruschev, N. Kuznets, S. Labour Time Vouchers Lange. O. Lenin, V. Leontief, W. Liberman, E. Litoshenko, L. Marginal Revolution Market Socialism Marschak, J. Marx, K. Marxist Economics Mises, L. von Mitchell, W. Multi-Sector Accounting Nemchinov, V. New Economic Policy (USSR) Novoshilov, V. Oparin, D. Optimal Planning Peasants Perestroika Pervushin, S. Petrakov, N. Popov P. Praxeology Preobrazhensky, E. Primitive Socialist Accumulation Privatization Prokopovich, S. Rainov, T. Sachs, J. Secondary Economy Shadow Pricing Shaposhnikov, N. Shatalin, S. Shock Therapy Slutsky, E. Socialism Soviet Economic Reform Soviet Union, Economics in the Stalin, J. Strumilin, S. System of Optimally Functioning Economy (Sofe) Tugan-Baranovsky, M. Vainshtein, A. Veblen, T. Yavlinsky, G. Yurovsky, L. 

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© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Vincent Barnett
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