IDEAS home Printed from https://ideas.repec.org/p/duk/dukeec/95-54.html
   My bibliography  Save this paper

Why Did the Soviet Economic System Collapse: Two Schools of Thought

Author

Listed:
  • Treml, Vladimir G.

Abstract

The paper examines two prevalent schools of thought explaining the deterioration of the economy and the ultimate collapse of the Soviet system. The first explanation places the blame on Gorbachev's poorly designed perestroika which destroyed the well functioning central planning system without creating a workable alternative. The second school of thought maintains that the Soviet variety of Marxian socialism has never been a viable system and carried its own seeds of destruction. According to this view the collapse of the Soviet Union would have happened sooner or later with or without Gorbachev because of the cumulative effect of allocative errors of the planning system.

Suggested Citation

  • Treml, Vladimir G., 1995. "Why Did the Soviet Economic System Collapse: Two Schools of Thought," Working Papers 95-54, Duke University, Department of Economics.
  • Handle: RePEc:duk:dukeec:95-54
    as

    Download full text from publisher

    File URL: http://www.econ.duke.edu/Papers/Abstracts/abstract.95.54.html
    File Function: main text
    Download Restriction: no

    More about this item

    JEL classification:

    • P21 - Economic Systems - - Socialist Systems and Transition Economies - - - Planning, Coordination, and Reform
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • P39 - Economic Systems - - Socialist Institutions and Their Transitions - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:duk:dukeec:95-54. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Department of Economics Webmaster). General contact details of provider: http://econ.duke.edu/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.