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The Crisis and the Crash (Paperback)
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The Crisis and the Crash (Paperback)
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A large literature exists in the West on the state that emerged
from the October Revolution, and the internal controversies that
punctuated its development have themselves been extensively
examined. Richard Day's book advances into territory hitherto large
neglected by Soviet scholarship - the complex debates among
economists and politicians about the course and fate of the
capitalist system. Day recounts the conflicting assessments of
capitalism's restabilization after the First World War, detailing
the theories of economic specialists like Kondrat'ev and Varga as
well as the analyses of political theorists like Trotsky and
Bukharin. He traces the Soviet response to the 1929 slump and
documents the mounting political interference in scientific
economic controversy by the Stalin leadership, culminating in the
scurrilous assault on the most original Soviet economist of the
1920s: Evgeny Preobrazhensky. This scholarly book concludes with an
account of Soviet reactions to the new era inaugurated by sweeping
state intervention designed to eliminate capitalist crisis, as
embodied in the diverse examples of Nazism and Roosevelt's New
Deal.
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