This book is Preobrazhensky’s The New Economics.
After the Soviet Union adopted the New Economic Policy, various economic sectors developed under the dictatorship of the proletariat, and trade between urban and rural areas resumed. In practice, the Soviet Union’s socialist construction conflicted with the prevailing theory of the War Communism period, which held that commodity and monetary relations should be abolished under socialism. Theoretical discussions about the economy during the transition period began as a result. At the same time, the recovery of the national economy brought the task of industrialization to the fore, and the Bolsheviks debated how to industrialize.
Preobrazhensky feared that under the New Economic Policy, the spontaneous forces of the small peasant class, which made up one-fifth of the population, would lead Russia toward capitalism. He therefore agreed with Trotsky that only accelerated industrialization could save Russia, and supported Trotsky’s policy of “super-industrialization.” In this book, he sought to point out a socialist path forward from the New Economic Policy.
