A planned economy is a type of economic system where the distribution of goods and services or the investment, production and the allocation of capital goods takes place according to economic plans that are either economy-wide or limited to a category of goods and services. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed.
A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some form of regulation to protect the public, the environment, or the interests of the state.
The five-year plans for the development of the national economy of the Union of Soviet Socialist Republics (USSR) consisted of a series of nationwide centralized economic plans in the Soviet Union, beginning in the late 1920s. The Soviet state planning committee Gosplan developed these plans based on the theory of the productive forces that formed part of the ideology of the Communist Party for development of the Soviet economy. Fulfilling the current plan became the watchword of Soviet bureaucracy.
Nikolai Ivanovich Ryzhkov was a Russian politician. He served as the last chairman of the Council of Ministers of the Soviet Union from 1985 to 1991 and was succeeded by Valentin Pavlov as prime minister. The same year, he lost his seat on the Presidential Council, going on to become Boris Yeltsin's leading opponent in the 1991 presidential election of the Russian Soviet Federative Socialist Republic. He was the last surviving premier of the Soviet Union following the death of Ivan Silayev on 8 February 2023.
A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization. In addition to this trade barriers are removed, there is a push to privatize state-owned enterprises and resources, state and collectively run enterprises are restructured as businesses, and a financial sector is created to facilitate macroeconomic stabilization and the movement of private capital. The process has been applied in China, the former Soviet Union and Eastern bloc countries of Europe and some Third world countries, and detailed work has been undertaken on its economic and social effects.
Vasily Ivanovich Lebedev-Kumach ; 5 August [O.S. 24 July] 1898 — 20 February 1949) was a Soviet poet and lyricist.
Economic planning is a resource allocation mechanism based on a computational procedure for solving a constrained maximization problem with an iterative process for obtaining its solution. Planning is a mechanism for the allocation of resources between and within organizations contrasted with the market mechanism. As an allocation mechanism for socialism, economic planning replaces factor markets with a procedure for direct allocations of resources within an interconnected group of socially owned organizations which together comprise the productive apparatus of the economy.
In Russian, blat is a form of corruption comprising a system of informal agreements, exchanges of services, connections, Party contacts, or black market deals to achieve results or get ahead.
Privatization in Russia describes the series of post-Soviet reforms that resulted in large-scale privatization of Russia's state-owned assets, particularly in the industrial, energy, and financial sectors. Most privatization took place in the early and mid-1990s under Boris Yeltsin, who assumed the presidency following the dissolution of the Soviet Union.
The Five-Year Plans are a series of social and economic development initiatives issued by the Chinese Communist Party (CCP) since 1953 in the People's Republic of China. Since 1949, the CCP has shaped the Chinese economy through the plenums of its Central Committee and national party congresses.
The 1965 Soviet economic reform, sometimes called the Kosygin reform or Liberman reform, was a set of planned changes in the economy of the USSR. A centerpiece of these changes was the introduction of profitability and sales as the two key indicators of enterprise success. Some of an enterprise's profits would go to three funds, used to reward workers and expand operations; most would go to the central budget.
The energy policy of the Soviet Union was an important feature of the country's planned economy from the time of Lenin onward. The Soviet Union was virtually self-sufficient in energy; major development of the energy sector started with Stalin's autarky policy of the 1920s. During the country's 70 years of existence (1922–1991), it primarily secured economic growth based on large inputs of natural resources. But by the 1960s this method had become less efficient. In contrast to other nations who shared the same experience, technological innovation was not strong enough to replace the energy sector in importance.
The Eleventh Five-Year Plan, or the 11th Five-Year Plan, of the Union of Soviet Socialist Republics (USSR) was a set of goals designed to strengthen the country's economy between 1981 and 1985. The plan was presented by the Chairman of the Council of Ministers Nikolai Tikhonov at the 26th Congress of the Communist Party of the Soviet Union (CPSU).
The New Economic Policy (NEP) was an economic policy of the Soviet Union proposed by Vladimir Lenin in 1921 as a temporary expedient. Lenin characterized the NEP in 1922 as an economic system that would include "a free market and capitalism, both subject to state control", while socialized state enterprises would operate on "a profit basis".
The economy of the Soviet Union was based on state ownership of the means of production, collective farming, and industrial manufacturing. An administrative-command system managed a distinctive form of central planning. The Soviet economy was characterized by state control of investment, prices, a dependence on natural resources, lack of consumer goods, little foreign trade, public ownership of industrial assets, macroeconomic stability, low unemployment and high job security.
Alena Valeryevna Ledeneva is a Russian academic known for her studies of corruption and informal practices in Russia, particularly blat. She is currently Professor of Politics and Society at the School of Slavonic and East European Studies (SSEES), University College London (UCL).
Socialist economics comprises the economic theories, practices and norms of hypothetical and existing socialist economic systems. A socialist economic system is characterized by social ownership and operation of the means of production that may take the form of autonomous cooperatives or direct public ownership wherein production is carried out directly for use rather than for profit. Socialist systems that utilize markets for allocating capital goods and factors of production among economic units are designated market socialism. When planning is utilized, the economic system is designated as a socialist planned economy. Non-market forms of socialism usually include a system of accounting based on calculation-in-kind to value resources and goods.
The second economy of the Soviet Union was the black market or the informal sector of the economy of the Soviet Union. The term was suggested by Gregory Grossman in his seminal article, "The Second Economy of the USSR" (1977). Economist Gerard Roland noted that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the command system and to lead to expanding black markets". This prediction was corroborated by the long-term analysis of the economies of Russia and Ukraine (1965–1989) by Treml and Alexeev. To a varying degree, the second economy influenced all Eastern Bloc economies.
OGAS was a Soviet project to create a nationwide information network. The project began in 1962 but was denied necessary funding in 1970. It was one of a series of socialist attempts to create a nationwide cybernetic network.
Mayfair Yang or Yang Meihui is a Taiwanese-American cultural anthropologist of China. Her research focuses on modernity, religion and secularism, state formation, religious environmentalism, China Studies, gender studies, postcolonial studies, and media studies.
