This book presents a narrative of one of the more interesting utopian experiments in comparative political and economic history: the first decade of the Soviet experience with socialism (1918-1928). Though historical and textual analysis, the book’s goal is to render this experience intelligible, to get at the meaning of the Soviet experience with socialism for comparative political economy today. The book examines the texts of Lenin, Bukharin, and other revolutionaries, as well as the interpretations of contemporary historians of the revolution and the writings of more recent interpreters of Soviet political and economic history. Arguing that the first three years of the Bolshevik regime (1918-1921) constitute an attempt to carry out the Marxian ideal of comprehensive central planning, and that the disastrous results, which all commentators agree occurred, were the inevitable outcome of this Marxian ideal coming into conflict with the economic reality of the coordination problem that all economic systems face, the book draws clear conclusions and elucidates the air of mystery that often surrounds the subject. Offering a radical challenge to contemporary comparative political economy at the level of high theory, applied research, and public policy, this book is appropriate for students and scholars interested in Marxism, economic history, political economy, and Austrian economics.

First published in 1979, Political Economy and Soviet Socialism is an integrated selection of papers written over the past 12 years of Russian history, which offers a unique insight into some important and controversial issues. Professor Nove discusses the ideas of some of the leaders of the Russian revolution (Lenin, Trotsky and Bukharin), the political economy of socialism and the problems of the contemporary USSR. The author addresses the role of traditional Russian ideas in shaping the Soviet Union’s social structure and the conceptual problems involved in defining its ruling stratum - whether or not it is a class. He also considers the criteria by which it is reasonable to judge Soviet reality, the performance and prospects of agriculture in communist-ruled Europe, the ability of the Eastern bloc to tackle problems of inflation and the obstacles to economic reform. Looking at the important and original developments of economic thought in the USSR and Eastern Europe, Professor Nove dissects the ideas of the ‘new leftists’ concerning the role of market forces under a feasible socialism. These papers offer essential reading for students of politics, economics and comparative social structure.

Although the history of centrally planned economies has been widely studied, the development of socialist thinking on the subject has remained largely uncharted. In this 1991 work, Pekka Sutela presents a detailed analysis of Soviet economic thought and theory. Dr Sutela traces the competing currents in the Marxist tradition of socialist economies from the Revolution to the present day. In particular he shows how the Gorbachev economic reform programme of 1987 rose from the work of Nobel Prize economist L. V. Kantorovich and his followers. However, this programme failed and the author explains in some detail why this happened. Since then, Soviet economists have tried to abandon their traditional theory of central planning and move along the path and long established contacts with leading Soviet economists, Pekka Sutela is able to show how Soviet economic thinking has moved from dogmatism through reformism to pragmatism.