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Command Versus ‘Shadow’: The Conflicted Soul of the Soviet Economy1

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  • Richard E Ericson

    (Department of Economics, East Carolina University, Greenville, NC 27858, USA.)

Abstract

This essay surveys the seminal contribution of Gregory Grossman to comparative economics contained in his analysis of the Soviet economic system. The paper focusses on his theory of the ‘command economy,’ its nature and logic, and its inherent weaknesses, which spawned the ‘second economy,’ waves of futile ‘reforms,’ and sowed the seeds of that system's collapse. Comparative Economic Studies (2006) 48, 50–76. doi:10.1057/palgrave.ces.8100132

Suggested Citation

  • Richard E Ericson, 2006. "Command Versus ‘Shadow’: The Conflicted Soul of the Soviet Economy1," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 48(1), pages 50-76, March.
    • Handle: RePEc:pal:compes:v:48:y:2006:i:1:p:50-76
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    Cited by:

    1. Shida, Yoshisada, 2017. "Russia’s Informal Economic Growth: 1960–1990," RRC Working Paper Series 69, Russian Research Center, Institute of Economic Research, Hitotsubashi University.
    2. Byung‐Yeon Kim & Yoshisada Shida, 2017. "Shortages and the informal economy in the Soviet republics, 1965–89," Economic History Review, Economic History Society, vol. 70(4), pages 1346-1374, November.

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