POLS 3500 Chapter Notes - Chapter 10: New York City, Cost Accounting, Chapel Hill, North Carolina

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Thesis: gorbachev"s understanding of the role of the market under socialism is that the market must fulfill the needs of the people, while also providing the people a way to fulfill themselves through participation in the market. The socialist market"s role is to meet the needs of the public and the private sphere. Analyze the logic of gorbachev"s economic reforms: look at the how coops became private enterprises, explain how much of the literature on gorbachev"s economic reforms is ahistorical. It only looks at it as a failed economic era and sees it simply as a transition to capitalism: this is an important time that gorbachev looked to recover russia"s economy. Do not look to deep into the details, just the logic behind the economic reforms. Socialism has also promised to ensure full employment and provide fundamental social guarantees: but the state failed to provide growing demand for housing, quality food, health services, and more.

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