Journal Article Waiting and the Period of Production: Comment Get access Egon Neuberger Egon Neuberger Amherst College Search for other works by this author on: Oxford Academic Google Scholar The Quarterly Journal of Economics, Volume 74, Issue 1, February 1960, Pages 150–153, https://doi.org/10.2307/1884138 Published: 01 February 1960

Introduction, 88. — I. Yugoslav experience with investment auctions, — II. The theory of investment auctions, 102. — III. Conclusions, 114.

Soviet spokesmen have claimed repeatedly that the USSR is an ideal market for primaryproduct exports of underdeveloped countries. The markets of leading western industrial countries, on the other hand, are said by the Soviets to be extremely unsatisfactory due to the chaos and stagnation allegedly inherent in the capitalist system. The purpose of this paper is to assess the validity of these Soviet claims by comparing the relative performance of the USSR and leading western industrial countries as markets for primary products in the period 1955 to 1961. The method used is one which tests whether Soviet primary product imports were larger, more rapidly growing, and more stable than western imports. This comparison is based entirely on available official foreign trade statistics of each country.