Materials for a Balance of the Soviet National Economy, by S. G. Wheatcroft, R. W. Davies, Richard Stone

By S. G. Wheatcroft, R. W. Davies, Richard Stone

This e-book incorporates a complete translation of a tremendous yet little-known Soviet paintings on Soviet nationwide source of revenue debts for a vital degree within the social and financial transformation of the Soviet financial system from 1928 to 1930. those have been years of mass collectivisation and the launching of the Soviet industrialisation force. The USSR used to be probably designated in having a well-developed statistical provider in a position to checklist the distinctive alterations in monetary relationships that have been happening at present. the interpretation is observed through 3 introductory articles which clarify the constitution and contents of those fabrics, what new mild those fabrics throw at the improvement of the Soviet financial system during this interval and describe the importance of those fabrics for the background of Soviet data and making plans. among different questions this proof casts a few doubt on fresh makes an attempt to teach that Soviet industrialisation ended in a metamorphosis within the web move of products among and agriculture, in favour of agriculture. It additionally indicates that massive makes an attempt have been made by means of a few influential statisticians and planners within the early Nineteen Thirties to examine the connection among assorted branches and sectors of the economic system. In a foreword Professor Sir Richard Stone units the success of the development of those fabrics within the context of the background of Western works on nationwide source of revenue debts.

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Fixed capital stock in industry as at 1 January 1928, was estimated by applying a standard depreciation allowance (as a percentage) to the estimated value of fixed capital 'at restoration cost' shown in the census of industrial capital of 1 October 1925. Agricultural capital at the same date was estimated on the basis of various sample surveys and censuses described in the text. Similar procedures were used for the other sectors of origin. Then annual data were assembled on capital investment, capital entering into capital stock, and on changes in the amount of incomplete construction in progress at the The structure and content of the Materialy end of the year.

6) As wages in productive sphere (col. 4 From wages in non-productive sphere (col. 10) From insurance (col. 12) From pensions etc. (col. 13) Estimated value of free social and cultural services (col. 4 THE BALANCE OF REPRODUCTION AS A WHOLE We have thus seen that the balance of production, consumption and accumulation (table III. 4 together with data on capital stock) has been used to derive national income by sector of origin, and hence national income by end-use; and that separate estimates of national income in terms of the incomes of the population have been tied in with these national income estimates.

Consumption of agricultural production and of industrial consumer goods was evaluated by using the data of family budget surveys. Evaluating production and consumption was more difficult for agriculture than for industry: most industrial production was sold at fixed prices, all agricultural production was either sold at a variety of prices, or not sold at all. 4 was to use the procurement prices paid by official agencies both for that part of production which was sold to official agencies and for all 'on-farm' production; this included not only production consumed within agriculture but also production consumed by the individual or collective-farm household.

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