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Political Economy of Socialism: Theoretical and Practical Controversies of “All-People Socialist” Ownership

In: Origins and Change of the Social Market Economy

Author

Listed:
  • Plamen D. Tchipev

    (Plovdiv University “Paisii Hilendarski” and Economic Research Institute at the Bulgarian Academy of Sciences)

Abstract

This chapter focuses on one of the major problems of the socialist economies, which were unable to provide needed level of independence for efficient functioning of their enterprises within the constraints of the socialist ownership. Requirement to preserve and maintain the sole existence of the latter was set by the socialist political economy as an unquestionable condition for the socialist economic system. Thus, a seemingly simple practical issue appeared eventually as a complex knot of both theoretical and practical problems, which initiated a lot of attempts for their resolution. The reforming efforts had been carried out in the various socialist countries up to the end of 1980s, i.e. to the last days before the system breakdown. The paper focuses on the experience from the Soviet Union and Bulgaria.

Suggested Citation

  • Plamen D. Tchipev, 2023. "Political Economy of Socialism: Theoretical and Practical Controversies of “All-People Socialist” Ownership," The European Heritage in Economics and the Social Sciences, in: Jürgen G. Backhaus & Günther Chaloupek & Hans A. Frambach (ed.), Origins and Change of the Social Market Economy, pages 197-207, Springer.
    • Handle: RePEc:spr:euhchp:978-3-031-39210-8_12
    DOI: 10.1007/978-3-031-39210-8_12
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