Strategies for restoring financial stability during the transitions from plan to market

Article Abstract:

The Soviet economy suffers from repressed inflation which has accumulated over years of totalitarianism. The situation is characterized by monetary overhang which is a condition where the country's money stock has to be reduced to establish equilibrium at the macroeconomic level. Perestroika has worsened inflation because economic reforms call for the infusion of more money stock in the absence of an appropriate tax system and decentralization of the banking system. The Soviet government should cut down public spending, reform its tax system, develop the financial system and introduce liquid assets with real values.

Financial planning, Economic development, Soviet Union

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The law of the microcosm and the end of socialism

Article Abstract:

The quantum era has brought about the shift in power from the state to the individual and the entrepreneur. The new technologies of microchips and fiber-optics require that the old structures of socialism be destroyed and be replaced by capitalism. The Soviet Union may lag behind in its manufacturing methods, but the wealth of creativity and imagination among its people more than make up for the lack. It is this ascendancy of the mind that debilitates state control.

International aspects, International economic relations, Technological innovations, Society, Socialism, Socialism and society

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