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Second economy of the Soviet Union - Wikipedia

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The second economy of the Soviet Union was the black market or the informal sector of the economy of the Soviet Union. The term was suggested by Gregory Grossman in his seminal article, "The Second Economy of the USSR" (1977).[1] Economist Gerard Roland noted that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the command system and to lead to expanding black markets".[1] This prediction was corroborated by the long-term analysis of the economies of Russia and Ukraine (1965–1989) by Treml and Alexeev.[2] To a varying degree, the second economy influenced all Eastern Bloc economies. Grossman defines the concept of second economy with a two-prong test, which is the set of economic activities which satisfy at least one of the two conditions: "(a) being directly for private gain (b) being in some significant respect in knowing contravention of existing law."[3] Studies of second, shadow, gray and so on economies are difficult because un

Second economy of the Soviet Union - Wikipedia Jump to content From Wikipedia, the free encyclopedia Economic activity, other than government-mandated production and services, in the USSR The second economy of the Soviet Union was the black market or the informal sector of the economy of the Soviet Union . Definition [ edit ] The term was suggested by Gregory Grossman in his 1977 seminal article, "The Second Economy of the USSR". [ 1 ] Economist Gerard Roland notes that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the command system and t

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