A Full-Value Ruble
Book description
A new history shows that, despite Marxism's rejection of money, the ruble was critical to the Soviet Union's promise of shared prosperity for its citizens.
In spite of Karl Marx's proclamation that money would become obsolete under Communism, the ruble remained a key feature of Soviet life. In fact, although…
Why read it?
1 author picked A Full-Value Ruble as one of their favorite books. Why do they recommend it?
A Full-Value Ruble is economic history at its best. Using Soviet archival materials for both the Stalin and Khrushchev periods, Kristy Ironside shows how indispensable money was to an economy that, for ideological reasons, aimed at abolishing it. But a strong ruble (and not just any currency) did not mean that the underlying economy was strong. Using money as a lens, the author provides the reader with a multi-faceted view of Soviet urban and rural daily life in peace, war, and reconstruction.
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