Levy, David M.; Peart, Sandra J. - In: Journal of Economic Behavior & Organization 78 (2011) 1, pp. 110-125
Between 1960 and 1980 American economics textbooks overestimated Soviet growth. They held that the Soviet economy was … growing faster than the US economy and yet they kept the ratio of Soviet–US output constant over two decades. The textbooks … economy in the textbooks was in part driven by an assumption of efficiency and abstraction from institutional concerns. …