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Soviet Union, Economics in

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Abstract

Soviet economics reflected the contradictory attitude of Marxist theory to Western economics, and the different stages of the development of the Soviet economy itself. The most original work occurred in the 1920s, with many contributions by Soviet- based economists to fields like business-cycle analysis and agricultural economics still enduring today. After 1929 the repression of leading intellectuals affected economists in a particularly damaging way, and Soviet economics never recovered its cutting-edge position thereafter. After 1953 a partial thaw led to reform-minded economists gaining confidence, and their efforts provided inspiration for the early stages of market reform after 1985.

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Barnett, V. (2018). Soviet Union, Economics in. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2118

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