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Dirigiste Economy and Economic Planning – Theoretical Analyses and Debates Among the Bulgarian Economists During the 1930s

Author

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  • Pencho Penchev

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

Abstract

During the 1930s and early 1940s the problems of the economic dirigiste and its theoretical analysis attracted the attention of the Bulgarian economists. To some extent it was a compensation for the fact that they missed the socialist calculation debate of the interwar period. Their analyses were based mainly on the framework of the neoclassical meta-theory in combination with various other theoretical approaches. They managed to identify a number of problems associated with long-term functioning of the regulated (corporatist) economy – the impossibility to master and control the spontaneous market forces by means of the governmental regulation, inherent administrative constraints for the government and public officials to introduce and control the strict and conscientious implementation of all the laws and normative acts of the system of economic dirigisme etc. A new theory of international trade was developed, whose author was seeking to break away from the rejected labor theory of value. The main content of his concept lies in the claim that protectionism in certain cases may have positive consequences. The Bulgarian economists convincingly proved the incompatibility of capitalism with planning.

Suggested Citation

  • 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.
    • Handle: RePEc:nwe:natrud:y:2017:i:2:p:129-167
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    File URL: http://unwe-research-papers.org/bg/journalissues/article/9911
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    Citations

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    Cited by:

    1. Marco Dimitrov, 2017. "The Role of State-Owned Banks in the Economic Life of Bulgaria in the Period between the Two World Wars (The model of the Bulgarian economy in the 30s of the twentieth century)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 2, pages 192-213, November.
    2. Tsvetelina Marinova & Nikolay Nenovsky, 2019. "Cooperative Agricultural Farms in Bulgaria during Communism (1944-1989): an Institutional Reconstruction," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 22(74), pages 40-73, December.
    3. Nikolay Atanasov, 2021. "Strategy for Development of the Land Properties of the Rila Monastery in the First Quarter of the 20th Century," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 168-184, November.
    4. 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.

    More about this item

    Keywords

    regulated economy; theory; Bulgaria; planning;
    All these keywords.

    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance

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