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Georgi Petrov and the model of socialist market economy in Bulgaria

Author

Listed:
  • Nenovsky, Nikolay
  • Marinova, Tsvetelina

Abstract

We provide brief information about the context of the 1963 reform. This is followed by a presentation of the main themes and ideas in Georgi Petrov's life research project, which systematically and logically derives the need for decentralisation of the economy, a transition from directive planning to economic levers, granting full autonomy to enterprises included in market mechanisms and profit incentives.

Suggested Citation

  • Nenovsky, Nikolay & Marinova, Tsvetelina, 2025. "Georgi Petrov and the model of socialist market economy in Bulgaria," MPRA Paper 127034, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:127034
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    More about this item

    Keywords

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    JEL classification:

    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B31 - Schools of Economic Thought and Methodology - - History of Economic Thought: Individuals - - - Individuals
    • B40 - Schools of Economic Thought and Methodology - - Economic Methodology - - - General
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-
    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies

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