This 1983 book presents a comprehensive account of the cycle of fixed capital investment in the Soviet Union, from strategic decision-taking in the Kremlin down to the level of individual building sites. Dr Dyker places the subject in the context of welfare economics and decision-taking theory, but the book’s emphasis is on the detailed empirical analysis of Soviet material. It includes analysis of the Soviet design and construction sectors and the developments in Soviet procedures for assessing investment effectiveness, as well as a unique series of case studies of individual investment projects. In a concluding chapter Dr Dyker assesses overall investment effectiveness in the Soviet Union, and looks at Soviet investment planning and Soviet development strategy.
