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Biography of Eugen Varga - Economist
Biography
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bio-stub Eugen Varga (November 6 1879 – October 7 1964) was a Marxism|Marxist economist of Hungarian origin. He participated in the short-lived Hungarian Soviet Republic of 1919. After the overthrow of the Soviet Republic he went to the USSR|Soviet Union, where he became an economic adviser to Stalin. A large number of his writings were studies of the international economic conjuncture, in which he made great effort to assess quantitative trends in output, investment and employment using official economic data from numerous countries. He also extensively studied German imperialism. In 1946 he published "The Economic Transformation of Capitalism at the End of the Second World War", in which he argued that the capitalist system was more inherently stable than had been hitherto believed. This led to the closure of the Institute which he headed (see: Paolo Spriano, Stalin and the European Communists. London: Verso, 1985).

