Word: kharkhov
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Dates: during 1960-1969
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Persistent Deformities. Despite its gains, the Soviet economy is still plagued by some persistent deformities, chief among them an artificial price structure that is almost impervious to shifts in consumer taste. But the man who suggested many of Kosygin's economic reforms, Kharkhov University Economics Professor Evsei Liberman (TIME cover, Feb. 12, 1965), has proposed some therapy for Russian prices. In a recent article, he called for the creation of a "three-tier" structure under which the state would fix prices for raw materials and fuel, set upper and lower limits for certain other standardized products (such as component...
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