Soviet Economy: Incentives Under Communism

Archive Report

New Trends in Centralized Sovier System

The soviet union—after almost half a century of Communist rule—is reassessing the system of centralized economic planning that has become the hallmark of a Marxist system. A cautious introduction of incentives into the production structure has begun, and Western observers expect the reforms to win further acceptance in the months ahead. Although couched in the conventional jargon of communism, the economic changes must be regarded as significant and far-reaching. The movement for reform and the emphasis on consumer goods cannot help but touch numerous aspects of Soviet life, perhaps even spill over into Russia's foreign policy. Success of the reforms might bring the 233 million people of the Soviet Union closer than now to the living standards of Western ...

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