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Are command economies unstable? Why did the Soviet economy collapse?

By Mark Harrison


The collapse of the Soviet economy at the end of the 1980s is ascribed to command failure. The likely sources of command failure and economic collapse in the Soviet case are analysed in terms of the payoffs to a dictator who controls the level of coercion and producers who control the level of effort. This approach is used to frame an analytical narrative of the evolution of the Soviet system under Brezhnev and Gorbachev

Topics: HC, DK
Publisher: University of Warwick, Department of Economics
Year: 2001
OAI identifier:

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