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Conclusions

In: Crisis and Progress in the Soviet Economy, 1931–1933

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  • R. W. Davies

Abstract

In 1931–3 the Soviet Union plunged into a profound economic and social crisis, from which it began to emerge only in the last few months of 1933. In belated response to the crisis, the Soviet authorities - and Stalin personally - gradually relinquished the rash over-confidence which characterised their economic policies at the beginning of the period; by the end of 1933 both the annual plans and the draft second five-year plan were far more realistic. The crisis also imposed on the authorities an anguished search - in both principle and practice - for a more flexible economic system. In the system which had emerged by the end of 1933, market and quasi-market elements, and economic incentives, played a definite though subordinate role; this system continued without fundamental change until 1985.

Suggested Citation

  • R. W. Davies, 1996. "Conclusions," Palgrave Macmillan Books, in: Crisis and Progress in the Soviet Economy, 1931–1933, chapter 0, pages 457-499, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-05935-5_18
    DOI: 10.1007/978-1-349-05935-5_18
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