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No. 60


R. W. Davies, "Prices, Costs and Finance in the Soviet Union, 1933-1939: A survey." PERSA Working Paper no. 60. Original version received April 21, 2010. University of Warwick, Department of Economics. Available free of charge from

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This paper examines the development of the price system in the period from the end of the first five-year plan to the eve of the second world war. It examines the major reforms to retail, wholesale and ‘1926/27’ prices; the attempts to control the costs of production and investment; and to stabilise the currency, and considers the contradictions and difficulties which emerged.