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Economic Equilibrium and Soviet Economic Reform

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Abstract

The paper, prepared for a Roundtable on Major Economic Problems in the U.S. and the U.S.S.R., discusses some aspects of price theory ñ in particular, the theory of general equilibrium -ñ which may offer some theoretical insights about the economic problems to be encountered during the transition from Socialism to private markets in the Soviet Union.

Suggested Citation

  • Herbert E. Scarf, 1991. "Economic Equilibrium and Soviet Economic Reform," Cowles Foundation Discussion Papers 969, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:969
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    File URL: https://cowles.yale.edu/sites/default/files/files/pub/d09/d0969.pdf
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    More about this item

    Keywords

    Socialism; scale economies; general equilibrium; market structures; prices; price theory;
    All these keywords.

    JEL classification:

    • P22 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Prices
    • P23 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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