ABSTRACT
The five-year plan of economic development of the Soviet Union was prepared by the State Planning Commission of the U.S.S.R., in accordance with general directives given by the government, and in pursuance of the following general objects: carrying out of the policy of industrialization of the country, socialist reorganization of agriculture, and the gradual extension and strengthening of the socialist elements in the economic system of the country. To the State Planning Commission and to the entire system of planning bureaus was assigned the task of translating these politico-economic directives into concrete technical and economic plans and calculations and of reducing them down to a program of economic development for the impending five-year period. Finally, the work on the five-year plan has made it possible to study more intensively such synthetic problems as national income, the process of socialization, the balance of production and consumption of mechanical power, etc.
