Economics, Econometrics and Finance
8 years ago

Investment cycles in socialist economies driven by self-interest of planners.

European Journal of Political Economy
Socialist economic growth and political investment cycles
Heng‐Fu Zou

Paper Summary

Related papers

Economics, Econometrics and Finance
2 years ago

Pre-industrial capitalism revealed as distinct stage of capital accumulation.

Development Inequality
Economic Institutions
Political Economy
1 view
Theme background image
Social Sciences
7 years ago

Modern state serves capital, threatens labor - Marx's key insights revisited.

Political Economy
Macroeconomic Trends
Agroecology
Theme background image
Social Sciences
7 years ago

Class analysis reveals societal impact of capital accumulation in modern society.

Political Economy
Macroeconomic Trends

Socialist social planners focus on rapid capital accumulation to benefit themselves. Investment hunger is a natural outcome of their rational decisions. Investment cycles in centrally planned economies are linked to political changes. China's data supports these ideas.