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1965 Soviet Economic Reform
The 1965 Soviet economic reform, sometimes called the Kosygin reform () or Liberman reform, was a set of planned changes in the economy of the USSR. A centerpiece of these changes was the introduction of profitability and sales as the two key indicators of enterprise success. Some of an enterprise's profits would go to three funds, used to reward workers and expand operations; most would go to the central budget. The reforms were introduced politically by Alexei Kosygin—who had just become Premier of the Soviet Union following the removal of Nikita Khrushchev—and ratified by the Central Committee in September 1965. They reflected some long-simmering wishes of the USSR's mathematically-oriented economic planners, and initiated the shift towards increased decentralization in the process of economic planning. Background Under Lenin, the New Economic Policy had allowed and used the concepts of profit and incentives for regulation of the Soviet economy. Stalin transformed thi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labor Theory Of Value
The labor theory of value (LTV) is a theory of value that argues that the economic value of a good or service is determined by the total amount of " socially necessary labor" required to produce it. The LTV is usually associated with Marxian economics, although it originally appeared in the theories of earlier classical economists such as Adam Smith and David Ricardo, and later in anarchist economics. Smith saw the price of a commodity in terms of the labor that the purchaser must expend to buy it, which embodies the concept of how much labor a commodity, a tool for example, can save the purchaser. The LTV is central to Marxist theory, which holds that the working class is exploited under capitalism, and dissociates price and value. However, Marx did not refer to his own theory of value as a "labour theory of value". Orthodox neoclassical economics rejects the LTV, using a theory of value based on subjective preferences. The revival in interpretation of Marx known as the also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kharkiv National University Of Economics
Simon Kuznets Kharkiv National University of Economics ( uk, Харківський національний економічний університет імені Семена Кузнеця) is the largest economic higher educational and research institution in the eastern part of Ukraine. Established in 1912, since 2013 the university is named after American economist Simon Kuznets, its noted alumnus. KhNUE provides a full range of undergraduate and postgraduate educational programs implementing multistage training, retraining and upgrading of qualification in 26 specialties in economy and business, management, public administration, informatics and cybernetics, computer sciences, publishing business and printing industry, tourism, international relations. History Foundation The initiative to create a special economic educational institution in Kharkiv was raised in 1888 by merchant and commerce-adviser Nikolay Orlov. It was promoted as a patriotic act timed in honor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Evsei Liberman
Evsei Grigorievich Liberman (russian: Евсей Григорьевич Либерман, , uk, Овсій Григорович Ліберман; 2 October 1897, – 11 November 1981) was a Soviet economist who lived in Kharkiv, Ukrainian SSR, Ukraine. He is noted as the architect of the Soviet economic reform of 1965, also known as "Libermanism". Biography Вorn in Slavuta, Russian Empire, in a wealthy Jewish family. Graduate of Kiev University, Faculty of Law, 1920, and Kharkiv National University of Economics, Kharkiv Institute of Engineering and Economics, Machine-Building Faculty, 1933. He taught at the Kharkiv National University of Economics, Kharkov Institute of Engineering and Economics, the Kharkiv Polytechnic Institute, Kharkiv V.I. Lenin Polytechnic Institute, and the University of Kharkiv. He proposed new methods of economic planning based on the principles of new democratic centralism. His dissertation took form in "Plan, benefit and prisms" published in ''Pravd ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Izvestia
''Izvestia'' ( rus, Известия, p=ɪzˈvʲesʲtʲɪjə, "The News") is a daily broadsheet newspaper in Russia. Founded in 1917, it was a newspaper of record in the Soviet Union until the Soviet Union's dissolution in 1991, and describes itself now as a "national newspaper" of Russia. The word ''izvestiya'' in Russian means "bring news" or "tidings", "herald" (an official messenger bringing news), derived from the verb ''izveshchat'' ("to inform", "to notify"). Origin The newspaper began as the ''News of the Petrograd Soviet of Workers Deputies'' on in Petrograd. Initially, the paper expressed Menshevik and Socialist-Revolutionary Party views. In August 1917, it took the title ''News of the Central Executive Committee of the Petrograd Soviet of Workers' and Soldiers' Deputies''. By October 1917 it became ''News of the Central Executive Committee of the Soviets of Working and Military Deputies'', and was eventually re-titled ''News of the Soviets of People's Deputies'' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Growth
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real gross domestic product, or real GDP. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The economic growth-rates of countries are commonly compared using the ratio of the GDP to population (per-capita income). The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. This growth rate represents the trend in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RIAN Archive 901609 Bolshevichka Garment Factory
RIA Novosti (russian: РИА Новости), sometimes referred to as RIAN () or RIA (russian: РИА, label=none) is a Russian state-owned domestic news agency. On 9 December 2013 by a decree of Vladimir Putin it was liquidated and its assets and workforce were transferred to the newly created Rossiya Segodnya agency. On 8 April 2014 RIA Novosti was registered as part of the new agency. RIA Novosti is headquartered in Moscow. The chief editor is Anna Gavrilova. Content RIA Novosti was scheduled to be closed down in 2014; starting in March 2014, staff were informed that they had the option of transferring their contracts to Rossiya Segodnya or sign a redundancy contract. On 10 November 2014, Rossiya Segodnya launched the Sputnik multimedia platform as the international replacement of RIA Novosti and Voice of Russia. Within Russia itself, however, Rossiya Segodnya continues to operate its Russian language news service under the name RIA Novosti with its ria.ru website. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonid Brezhnev
Leonid Ilyich Brezhnev; uk, links= no, Леонід Ілліч Брежнєв, . (19 December 1906– 10 November 1982) was a Soviet Union, Soviet politician who served as General Secretary of the Communist Party of the Soviet Union, General Secretary of the Communist Party of the Soviet Union between 1964 and 1982 and Chairman of the Presidium of the Supreme Soviet between 1960 and 1964 and again between 1977 and 1982. His 18-year term as General Secretary was second only to Joseph Stalin's in duration. Brezhnev's tenure as General Secretary remains debated by historians; while his rule was characterised by political stability and significant foreign policy successes, it was also marked by corruption, inefficiency, Era of Stagnation, economic stagnation, and rapidly growing technological gaps with the West. Brezhnev was born to a working-class family in Kamianske, Kamenskoye (now Kamianske, Ukraine) within the Yekaterinoslav Governorate of the Russian Empire. After the re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Viktor Valentinovich Novozhilov
Viktor Valentinovich Novozhilov ( rus, Виктор Валентинович Новожилов) (15 August 1970) was a Soviet Union, Soviet economist and mathematician, known for his development of techniques for the mathematical analysis of economic phenomena. He was awarded the Lenin Prize (1965) and served as head of the Laboratory for Economic Assessment Systems at the Leningrad office of the Central Economic Mathematical Institute. Biography Novozhilov graduated from high school with a gold medal in 1911 and entered the St. Volodymyr Kyiv University, which he completed in 1915, becoming an assistant professor in political economics and statistics. In 1922, he moved to the Leningrad Polytechnic Institute, where he served as the head of the department of Auto Industry Economics from 1938 to 1951. From 1951 to 1966, Novozhilov was the head of the Statistics Department at the Leningrad Engineering and Economics Institute. He was part of the government-sponsored team engaged in e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leonid Kantorovich
Leonid Vitalyevich Kantorovich ( rus, Леони́д Вита́льевич Канторо́вич, , p=lʲɪɐˈnʲit vʲɪˈtalʲjɪvʲɪtɕ kəntɐˈrovʲɪtɕ, a=Ru-Leonid_Vitaliyevich_Kantorovich.ogg; 19 January 19127 April 1986) was a Soviet mathematician and economist, known for his theory and development of techniques for the optimal allocation of resources. He is regarded as the founder of linear programming. He was the winner of the Stalin Prize in 1949 and the Nobel Memorial Prize in Economic Sciences in 1975. Biography Kantorovich was born on 19 January 1912, to a Russian Jewish family. His father was a doctor practicing in Saint Petersburg. In 1926, at the age of fourteen, he began his studies at Leningrad State University. He graduated from the Faculty of Mathematics and Mechanics in 1930, and began his graduate studies. In 1934, at the age of 22 years, he became a full professor. Later, Kantorovich worked for the Soviet government. He was given the task of opti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Linear Programming
Linear programming (LP), also called linear optimization, is a method to achieve the best outcome (such as maximum profit or lowest cost) in a mathematical model whose requirements are represented by linear function#As a polynomial function, linear relationships. Linear programming is a special case of mathematical programming (also known as mathematical optimization). More formally, linear programming is a technique for the mathematical optimization, optimization of a linear objective function, subject to linear equality and linear inequality Constraint (mathematics), constraints. Its feasible region is a convex polytope, which is a set defined as the intersection (mathematics), intersection of finitely many Half-space (geometry), half spaces, each of which is defined by a linear inequality. Its objective function is a real number, real-valued affine function, affine (linear) function defined on this polyhedron. A linear programming algorithm finds a point in the polytope where ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
