IDEAS home Printed from https://ideas.repec.org/a/sae/inrsre/v15y1992i3p307-315.html
   My bibliography  Save this article

Neither Socialism nor Capitalism: The Emergence of a New Economic System in the Former Soviet Union

Author

Listed:
  • William N. Trumbull

    (Department of Economics, West Virginia University, Morgantown, West Virginia 26506-6025 USA)

Abstract

Using a multidimensional classification of economic systems, this article explores the possibility that the former Soviet Union is undergoing a transition from centrally planned socialism to a new system unlike any that currently exists. The legacy of the former system impedes the transition to capitalism, which suggests that the transition will be a very long one or will result in an entirely new system. Policy recommendations will be naive or irrelevant if they assume that banking, labor, housing, and other markets will function like known capitalist markets.

Suggested Citation

  • William N. Trumbull, 1992. "Neither Socialism nor Capitalism: The Emergence of a New Economic System in the Former Soviet Union," International Regional Science Review, , vol. 15(3), pages 307-315, December.
    • Handle: RePEc:sae:inrsre:v:15:y:1992:i:3:p:307-315
    DOI: 10.1177/016001769301500310
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/016001769301500310
    Download Restriction: no
    File URL: https://libkey.io/10.1177/016001769301500310?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Sachs, Jeffrey D, 1992. "Privatization in Russia: Some Lessons from Eastern Europe," American Economic Review, American Economic Association, vol. 82(2), pages 43-48, May.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pavel Ciaian & Ján Pokrivčák & Dušan Drabik, 2008. "Prečo sú niektoré sektory v tranzitívnych ekonomikách menej reformované ako ostatné? prípad výskumu a vzdelávania v oblasti ekonómie [Why some sectors of transition economies are less reformed than," Politická ekonomie, Prague University of Economics and Business, vol. 2008(6), pages 819-836.
    2. R. Daviddi, 1994. "Privatisation in the transition to a market economy," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
    3. Zou, Heng-fu, 1994. "On the dynamics of privatization," China Economic Review, Elsevier, vol. 5(2), pages 221-233.
    4. Hingorani, Archana & Lehn, Kenneth & Makhija, Anil K., 1997. "Investor behavior in mass privatization: The case of the Czech voucher scheme," Journal of Financial Economics, Elsevier, vol. 44(3), pages 349-396, June.
    5. Justin Yifu Lin, 2007. "Development and Transition : Idea, Strategy, and Viability," Development Economics Working Papers 22709, East Asian Bureau of Economic Research.
    6. Bluhm, Richard & Szirmai, Adam, 2012. "Institutions and long-run growth performance: An analytic literature review of the institutional determinants of economic growth," MERIT Working Papers 2012-033, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    7. Klasen, Stephan., 1993. "Gender inequality and development strategies: lessons from the past and policy issues for the future," ILO Working Papers 992987383402676, International Labour Organization.
    8. Pierfederico Asdrubali & Simone Tedeschi & Luigi Ventura, 2020. "Household risk‐sharing channels," Quantitative Economics, Econometric Society, vol. 11(3), pages 1109-1142, July.
    9. Faruk Balli & Sebnem Kalemli-Ozcan & Bent E. Sørensen, 2012. "Risk sharing through capital gains," Canadian Journal of Economics, Canadian Economics Association, vol. 45(2), pages 472-492, May.
    10. Jan Svejnar, 2002. "Assistance to the Transition Economies : Were There Alternatives?," World Bank Publications - Books, The World Bank Group, number 20232.
    11. Keun Lee & Justin Y. Lin & Ha-Joon Chang, 2000. "Late Marketization versus Late Industrialization in East Asia: Convergence and Divergence among Japan, Korea, Taiwan, China, Vietnam, & Mongolia," Working Paper Series no37, Institute of Economic Research, Seoul National University.
    12. Brouthers, Lance Eliot & Lamb, Charles W., 1995. "National ideology, public policy, and the business environment: A contingency approach to economic reform in Hungary, Poland and Eastern Europe," International Business Review, Elsevier, vol. 4(3), pages 355-372, September.
    13. Pavel Ciaian & Jan Pokrivcak, 2005. "Why Some Sectors of Transition Economies are less Reformed than Others? The Case of Research and Education," EERI Research Paper Series EERI_RP_2005_02, Economics and Econometrics Research Institute (EERI), Brussels.
    14. repec:ilo:ilowps:298738 is not listed on IDEAS
    15. Stephan, Paul III, 1996. "Toward a positive theory of privatization--lessons from soviet-type economies," International Review of Law and Economics, Elsevier, vol. 16(2), pages 173-193, June.
    16. R. Daviddi, 1994. "Privatisation in the transition to a market economy," BNL Quarterly Review, Banca Nazionale del Lavoro, vol. 47(191), pages 399-429.
    17. Glismann, Hans H. & Schrader, Klaus, 1993. "Privatisierung staatlichen Eigentums in den mittel- und osteuropäischen Ländern: Eine kritische Analyse," Kiel Working Papers 573, Kiel Institute for the World Economy (IfW Kiel).
    18. Tian, Xiaowen, 2001. "Privatization and economic performance: evidence from Chinese provinces," Economic Systems, Elsevier, vol. 25(1), pages 65-77, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:inrsre:v:15:y:1992:i:3:p:307-315. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.