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The Traditional Economic Mechanism

In: Why did the Socialist System Collapse in Central and Eastern European Countries?

Author

Listed:
  • Jan Adam

    (The University of Calgary)

Abstract

The socialist system of management of the economy or the economic mechanism1 was introduced in the USSR in the 1930s. Its foundation was designed before the start of the first five-year plan, but its building blocks were finally determined on the basis of the experience gained in the process of fulfilling the plan. The organisation of industry in particular went through many changes. The socialisation of the means of production, which was at the foundation of the system, started during the civil war and was completed in the first half of the 1930s with the completion of collectivisation of agriculture. Chapter 9 discusses problems pertinent to ownership relations.

Suggested Citation

  • Jan Adam, 1995. "The Traditional Economic Mechanism," Palgrave Macmillan Books, in: Why did the Socialist System Collapse in Central and Eastern European Countries?, chapter 2, pages 21-38, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-24239-9_2
    DOI: 10.1007/978-1-349-24239-9_2
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