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Plenary Session
On the final afternoon of the meeting a plenary session was held to
enable the participants to both report on their deliberations and to receive
comments and feedback from a larger group of economic specialists
working in related areas in government agencies, the academic community,
and private research organizations. Lawrence Klein introduced the session
with an extended commentary on the issues investigated at the meeting and
a presentation of his own conclusions concerning future research efforts.
Klein argued that American Sovietologists had done a better job of
estimating the size of the Soviet economy than anyone else, including the
Soviets themselves. He noted that Soviet statistics offer little more
information to analysts than is characteristic of many LDCs, that the
economy in question has been in chronic disequilibrium throughout the
postwar period, and that a sizable amount of production and trade takes
place in the second economy.
Klein contended that while everyone had been wrong to a certain
extent, on the whole American experts had presented policy makers,
specialists, and the larger public with as accurate a picture of the Soviet
economy as the limited data could provide. He also suggested that recent
changes in the Soviet system and the Soviets' avowed interest in par-
ticipating in various international organizations indicated that analysts
might be able to go beyond the short cuts of the AFC method in the
future. In closing, Klein called for the development of an integrated
accounting system for the Soviet economy and a full scale study to
elucidate the complex and interconnected methodological issues raised at
this meeting.
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