Word: libermann
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Dates: during 1970-1979
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...level of Soviet output is due largely to an overcentralized and hugely inefficient planning system. The most promising Soviet reforms to date were the so-called Libermann reforms of the mid-1960s in which profit and market forces were allowed to play a role in judging the performance of industrial enterprises. At the time, Kosygin endorsed the reforms. In his speech last week, he pronounced the end of such "erroneous conceptions that substitute market regulation for the guiding role of state centralized planning...
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