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Was it feasible to manage money without money market: the problem that caused the failure of the Soviet planned economy

Research Project

Project/Area Number 24530392
Research Category

Grant-in-Aid for Scientific Research (C)

Allocation TypeMulti-year Fund
Section一般
Research Field Economic history
Research InstitutionYokohama National University

Principal Investigator

NAKAMURA Yasushi  横浜国立大学, 国際社会科学研究院, 教授 (60189066)

Project Period (FY) 2012-04-01 – 2015-03-31
Project Status Completed (Fiscal Year 2014)
Budget Amount *help
¥2,600,000 (Direct Cost: ¥2,000,000、Indirect Cost: ¥600,000)
Fiscal Year 2014: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2013: ¥780,000 (Direct Cost: ¥600,000、Indirect Cost: ¥180,000)
Fiscal Year 2012: ¥1,170,000 (Direct Cost: ¥900,000、Indirect Cost: ¥270,000)
Keywordsソ連 / 計画経済 / 通貨管理 / 資金循環 / 国民経済計算 / 生産性 / 経済発展 / 生産関数
Outline of Final Research Achievements

The Soviet planned economy was designed according to the idea of elimination of money and capital. However, money continued to be used until the end of the regime. There was no alternative way to organize modern economic system without money. Consequently, the Soviet regime faced the problem to manage fiat money without money market. This study confirmed there was no theoretical and practical solution of the problem and, thus, utilization efficiency of funds continuously deteriorated, that is, value of money continuously decreased. We can conclude that a planned economy that expels market for money and capital is unsustainable.

Report

(4 results)
  • 2014 Annual Research Report   Final Research Report ( PDF )
  • 2013 Research-status Report
  • 2012 Research-status Report
  • Research Products

    (12 results)

All 2015 2014 2013 Other

All Journal Article (6 results) (of which Peer Reviewed: 3 results,  Open Access: 1 results) Presentation (6 results)

  • [Journal Article] ソ連経済における金融経済と実物経済の相互関係2014

    • Author(s)
      中村靖
    • Journal Title

      比較経済研究

      Volume: 51 Pages: 29-41

    • Related Report
      2014 Annual Research Report
    • Peer Reviewed / Open Access
  • [Journal Article] ソ連経済における金融経済と貨幣経済の相互関係2014

    • Author(s)
      中村靖
    • Journal Title

      比較経済研究

      Volume: 51 Pages: 29-41

    • NAID

      130004957007

    • Related Report
      2013 Research-status Report
    • Peer Reviewed
  • [Journal Article] Technology progress and the transition to market economy: a comparison between Russia and China2014

    • Author(s)
      NAKAMURA, Yasushi; KAARESVIRTA, Juuso
    • Journal Title

      BOFIT Discussion Papers

      Volume: FC Pages: 1-29

    • Related Report
      2013 Research-status Report
  • [Journal Article] ソ連経済発展の貨幣的側面2013

    • Author(s)
      中村靖
    • Journal Title

      エコノミア

      Volume: 64 Pages: 29-49

    • NAID

      120005530870

    • Related Report
      2013 Research-status Report
  • [Journal Article] Soviet foreign trade and the money supply2013

    • Author(s)
      Nakamura, Yasushi
    • Journal Title

      BOFIT Discussion Papers

      Volume: 30 Pages: 1-33

    • Related Report
      2013 Research-status Report
  • [Journal Article] Soviet Banking, 1922-1987: An Analysis of Gosbank Balance Sheets2013

    • Author(s)
      NAKAMURA, Yasushi
    • Journal Title

      Comparative Economic Studies

      Volume: 35 Issue: 1 Pages: 167-197

    • DOI

      10.1057/ces.2012.40

    • Related Report
      2012 Research-status Report
    • Peer Reviewed
  • [Presentation] Productivity Growth in Russia and China2015

    • Author(s)
      Nakamura, Yasushi
    • Organizer
      Economic growth of economies in transition in comparison
    • Place of Presentation
      北海道大学
    • Year and Date
      2015-03-28 – 2015-03-29
    • Related Report
      2014 Annual Research Report
  • [Presentation] Productivity in Western and Eastern Germany after the Unification2015

    • Author(s)
      Nakamura, Yasushi
    • Organizer
      International Workshop on the Global Politics-Economics of the Pacific Rim Area
    • Place of Presentation
      一橋大学
    • Year and Date
      2015-02-28 – 2015-03-01
    • Related Report
      2014 Annual Research Report
  • [Presentation] Productivity Growth and the Transition to Market Economy2014

    • Author(s)
      NAKAMURA, Yasushi; KAARESVIRTA, Juuso
    • Organizer
      The Pacific Rim Economies Conference 3
    • Place of Presentation
      Waiokola Mariott Hotel
    • Year and Date
      2014-05-14 – 2014-05-17
    • Related Report
      2014 Annual Research Report
  • [Presentation] Productivity Growth and the Transition to Market Economy: a Comparison between Russia and China2014

    • Author(s)
      NAKAMURA, Yasushi; KAARESVIRTA, Juuso
    • Organizer
      The Pacific Rim Economies Confference 3
    • Place of Presentation
      Waiokola Mariott Hotel
    • Related Report
      2013 Research-status Report
  • [Presentation] Revisit of the Soviet macroeconomic efficiency2013

    • Author(s)
      NAKAMURA, Yasushi
    • Organizer
      The Pacific Rim Economies Confference
    • Place of Presentation
      Seoul National University, Republic of Korea
    • Related Report
      2013 Research-status Report 2012 Research-status Report
  • [Presentation] Soviet Banking, 1922-1987

    • Author(s)
      NAKAMURA, Yasushi
    • Organizer
      Asian Historical Economics Conference
    • Place of Presentation
      一橋大学
    • Related Report
      2012 Research-status Report

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Published: 2013-05-31   Modified: 2019-07-29  

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