The Failure of Soviet Economic Planning

The Failure of Soviet Economic Planning : System, Performance, Reform

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Although the Soviet Union's centrally planned economic system played a significant role in world economic growth and modernization, it ultimately failed to compete with market forms of economic organization. Despite unavailing efforts at reform, it has now been abandoned, as the republics of the former USSR move painfully toward the market. Robert W. Campbell, one of the most respected U.S. specialists on the economy of the former Soviet Union, probes the evolution, behavior, and fatal weaknesses of the Soviet administrative-command economy. His essays cover a broad set of perspectives - theoretical interpretation of the Soviet-type economy and the growth model that went with it, concrete analyses of individual sections and functions, evaluation of the microeconomics of Soviet decision making, and descriptions of attempts at institutional and doctrinal reforms.
They provide instructive background on some of the biggest problems now facing the Commonwealth of Independent States, such as the monetary and fiscal collapse engendered by reform, the looming fuel and energy disaster, and the seemingly intractable task of transforming the military-industrial complex and integrating its resources into the civilian economy. Robert W. Campbell's outstanding work provides an indispensable resource for understanding what the Soviet economic system was and the problems it faced in the transition to the market model.
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Product details

  • Hardback | 204 pages
  • 160 x 236 x 22mm | 521.63g
  • Bloomington, IN, United States
  • English
  • 0253313112
  • 9780253313119

About Robert W. Campbell

ROBERT W. CAMPBELL is Distinguished Professor of Economics at Indiana University. He is the author of The Socialist Economies in Transition: A Primer on Semi-Reformed Systems, as well as publications on energy policy, research and development, military affairs, and the telecommunications sector in the USSR.
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Table of contents

INTRODUCTION I. THEORY OF ECONOMIC SYSTEMS I. On the Theory of Economic Administration II. Macroeconomic Models and Central Price Setting in the Soviet Economy III. The Stalinist Approach to Economic Development II. STUDIES OF DECISION MAKING AND PERFORMANCE IV. Energy Prices and Decisions on Energy Use in the USSR V. Problems of Technical Progress in the USSR VI. Management Spillovers from Soviet Space and Military Programs VII. Management of Water Resources in the USSR: A Systems Problem III. INSTITUTIONAL AND DOCTRINAL REFORM VIII. Price, Rent, and Decision Making: The Economic Reform in Soviet Oil and Gas Production IX. Marx, Kantorovich, and Novozhilov: StoimostO versus Reality Postmortem INDEX
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