What did the Soviet Rulers Maximise?

Abstract

The predominant view in the literature holds that the main objective of the Soviet rulers was growth of the official measure of aggregate output, irrespective of its use structure, that is, growth for its own sake. We show that the pursuit of this objective would have been irrational, and argue instead that the main objective was the pursuit of military might. This formulation returns the Soviet rulers to the company of rational economic actors, helps explain the main characteristics of the Soviet economic development better than the majority view, and provides a different perspective on the system's final decades.