Although the history of centrally planned ecomies has been widely studied, the development of socialist thinking on the subject has remained largely uncharted. In this 1991 work, Pekka Sutela presents a detailed analysis of Soviet ecomic thought and theory. Dr Sutela traces the competing currents in the Marxist tradition of socialist ecomies from the Revolution to the present day. In particular he shows how the Gorbachev ecomic reform programme of 1987 rose from the work of Nobel Prize ecomist L. V. Kantorovich and his followers. However, this programme failed and the author explains in some detail why this happened. Since then, Soviet ecomists have tried to abandon their traditional theory of central planning and move along the path and long established contacts with leading Soviet ecomists, Pekka Sutela is able to show how Soviet ecomic thinking has moved from dogmatism through reformism to pragmatism.