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Nikita Khrushchev

If you were given the responsibilities of an economic advisor to Nikita Khrushchev of the Soviet Union. How would you, as a central planner, decide what, how, and for whom to produce goods and services in a country of roughly 123 million people at the time? How successful your plan would be?

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Nikita Khrushchev was a dictator in the Soviet Union in the post-Stalin era. There were huge famines in Ukraine and other parts of the Soviet Union in the Stalin era, so as a financial advisor I would exhort Khrushchev to make massive investments in the agriculture sector and train the peasantry into using modern machinery and scientific technologies (like ...

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Nikita Khrushchev is summarized.