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Constructing a Market Alternative for the Bulgarian Economy during the Interwar Period

Author

Listed:
  • Pencho Penchev

    (University of National and World Economy - Sofia, Bulgaria)

Abstract

In general, the perspectives for the Bulgarian economic development during the interwar period were dominated by the ideas of dirigisme. Based on published research of Bulgarian economists the author reveals their market oriented ideas, which were an alternative of the mainstream economic thought. It consists of two basic elements. The first one is - labor-intensive, market-oriented agriculture and joint-stock companies to carry out large-scale initiatives. The second one is an economic policy based on cooperation and support of the private initiative by the state.

Suggested Citation

  • Pencho Penchev, 2018. "Constructing a Market Alternative for the Bulgarian Economy during the Interwar Period," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 33-48, November.
    • Handle: RePEc:ceh:journl:y:2018:v:3:p:33-48
    as

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    References listed on IDEAS

    as
    1. Keynes, John Maynard, 1919. "The Economic Consequences of the Peace," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number keynes1919.
    2. Pencho Penchev, 2018. "The Way to Socialism? First Five-Year Plan for the Development of Bulgarian Agriculture," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 253-279, July.
    3. Michael Kopsidis & Martin Ivanov, 2015. "Was Gerschenkron right? Bulgarian agricultural growth during the Interwar period in light of modern development economics," Working Papers 0082, European Historical Economics Society (EHES).
    4. Pencho Penchev, 2017. "Dirigiste Economy and Economic Planning – Theoretical Analyses and Debates Among the Bulgarian Economists During the 1930s," Nauchni trudove, University of National and World Economy, Sofia, Bulgaria, issue 2, pages 129-167, October.
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    More about this item

    Keywords

    market; Bulgaria Interwar period;

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-

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