Economics Dictionary of Arguments

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Soviet Union: The Soviet Union, officially the Union of Soviet Socialist Republics (USSR), was a single-party, communist state that spanned much of Eurasia from 1922 to 1991. It covered an area of 22.4 million square kilometers (8.7 million square miles), making it the largest country in the world by land area by a considerable margin. The USSR consisted of 15 constituent republics, which possessed substantial autonomy in all but foreign affairs, defense, and heavy industry. See also Communism, Socialism.
Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Lexicon of Arguments.

Author Concept Summary/Quotes Sources

Paul A. Samuelson on Soviet Union - Dictionary of Arguments

Acemoglu I 127
Soviet Union/Samuelson/Acemoglu/Robinson: As late as 1977, a leading academic textbook by an English economist argued that Soviet-style economies were superior to capitalist ones in terms of economic growth, providing full employment and price stability and even in producing people with altruistic motivation. Poor old Western capitalism did better only at providing political freedom. Samuelson: Indeed, the most widely used university textbook in economics, written by Nobel Prize–winner Paul Samuelson, repeatedly predicted the coming economic dominance of the Soviet Union. In the 1961 edition(1), Samuelson predicted that Soviet national income would overtake that of the United States possibly by 1984, but probably by 1997. In the 1980 edition there was little change in the analysis, though the two dates were delayed to 2002 and 2012.

1.Samuelson, Paul, 1961. Economics; an introductory analysis. New York: McGraww-Hill

Explanation of symbols: Roman numerals indicate the source, arabic numerals indicate the page number. The corresponding books are indicated on the right hand side. ((s)…): Comment by the sender of the contribution. Translations: Dictionary of Arguments
The note [Concept/Author], [Author1]Vs[Author2] or [Author]Vs[term] resp. "problem:"/"solution:", "old:"/"new:" and "thesis:" is an addition from the Dictionary of Arguments. If a German edition is specified, the page numbers refer to this edition.

EconSamu I
Paul A. Samuelson
The foundations of economic analysis Cambridge 1947

Acemoglu II
James A. Acemoglu
James A. Robinson
Economic origins of dictatorship and democracy Cambridge 2006

Acemoglu I
James A. Acemoglu
James A. Robinson
Why nations fail. The origins of power, prosperity, and poverty New York 2012

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