National Income

Abstract

Comparisons of the Soviet economy of the late 1920s with the Russian economy on the eve of revolution shed light on the relative starting point of Soviet forced industrialisation and on structural and institutional differences between the late Russian and early Soviet economies. This chapter poses a simple question and explains why an exact answer is hard to obtain. The question is: How much more or less national output (national income) did the Soviet economy produce in 1928 than in 1913? The ratio of 1928 national income to that of 1913 is the broadest measure of the economic recovery of the NEP economy from revolution and civil war.