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Calculating without money. Theories of in-kind accounting of Alexander Chayanov, Otto Neurath and the early Soviet experiences

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  • Eric Magnin
  • Nikolay Nenovsky

Abstract

This paper focuses on Soviet practices and debates on money during the 1918–1921 period. In the first part, we briefly present the Bolshevik policy and discussions on eliminating money as a means of payments and calculation. In the second part, we outline in details A. Chayanov's model of in-kind accounting by making some comparisons with O. Neurath’s proposals for an economy in kind. The latter had a decisive influence on Soviet Russia. Finally, we conclude with some reflections on the role of these models for ecological economics, modern efficiency measuring and monetary theory.

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  • Eric Magnin & Nikolay Nenovsky, 2021. "Calculating without money. Theories of in-kind accounting of Alexander Chayanov, Otto Neurath and the early Soviet experiences," The European Journal of the History of Economic Thought, Taylor & Francis Journals, vol. 28(3), pages 456-477, May.
    • Handle: RePEc:taf:eujhet:v:28:y:2021:i:3:p:456-477
    DOI: 10.1080/09672567.2020.1849339
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    Cited by:

    1. Eric Magnin & Nikolay Nenovsky, 2024. "Soft monetary constraint and shortage in the European sovereign debt economy," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 37(1), pages 55-80, March.
    2. Adrien Faudot & Tsvetelina Marinova & Nikolay Nenovsky, 2022. "Comecon Monetary Mechanisms. A history of socialist monetary integration (1949 -1991)," Working Papers hal-04084493, HAL.

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