This is the first book in English to present a succinct overview of the influential work of Russian economist Yakov Abramovich Kronrod 19121984 on the political economy of socialism. Kronrod headed the theoretical section of the Institute of Economics of the Academy of the USSR in the 1970s until the authorities decided that his ideas were dangerous banning Kronrods publications until his death in 1984. Kronrod argued that while national ownership and democracy are the dominant relations of soc