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An excellent example of how the perception of economic growth was created in Khruschev's times is Ryazan miracle. Actually, the Wikipedia article doesn't do justice to the severity of both the negative economic impact and the spread of fraud. The briefest digest: the governor promised to triple Ryazan's meat production in a year, and in order to meet the ...


According to my university lecturer* all those years ago, the main problem was not propaganda, it was accounting errors. In advanced economies, they would use value-addedd accounting. For instance, if one factory assembled a car, this would be recorded as them creating (say) £2000. If they sent it to another factory and they painted the car and increased its ...

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