E.A. Preobrazhensky

From N.E.P. to Socialism: A Glance into the Future of Russia and Europe

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Preobrazhensky was a prominent Bolshevik economist who at a critical period supported Trotsky’s fight against the bureaucratic degeneration of the Soviet Union. This book, written after the adoption of the New Economic Policy in 1921, analyzes its inherent dangers. It is a significant contribution to political economy and the problems of socialist planning.

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Preobrazhensky was a prominent Bolshevik economist who at a critical period supported Trotsky’s fight against the bureaucratic degeneration of the Soviet Union. This book, written after the adoption of the New Economic Policy in 1921, analyzes its inherent dangers. It is a significant contribution to political economy and the problems of socialist planning.

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E.A. Preobrazhensky (1886-1937) was a leading Bolshevik and economist, and a member of the Left Opposition. He joined the Russian Social Democratic Party in 1903 and studied law from 1907-1908 at Moscow University.

From 1917-1918 Preobrazhensky was a candidate member of the Central Committee of the Bolshevik Party and from 1920-21 he served as the secretary of this governing body. He was one of the editors of Pravda and co-authored with Bukharin the famous ABC’s of Communism. From 1923-1927, Preobrazhensky was one of the leaders of the Left Opposition headed by Leon Trotsky.

As an economist, he opposed the views of Bukharin who was the main economic theorist in the Stalin faction of the party. In 1926, Preobrazhensky wrote a major theoretical work, the New Economics.

He was expelled from the party in 1927 and sent into exile in 1928. In the summer of 1929, he capitulated along with other leading Left Oppositionists. Reinstated in the party in 1930, during 1932 Preobrazhensky worked in the Commissariat of Light Industry.

In 1933 he was re-arrested for belonging to an underground opposition group headed by I. N. Smirnov and sentenced to three years of exile. Then followed a process of recantation, reinstatement, expulsion, and re-arrest. Preobrazhensky was sentenced to be shot on 13 July 1937. He was rehabilitated in 1988.

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