1979 Soviet economic reform

The 1979 Soviet economic reform, or "Improving planning and reinforcing the effects of the economic mechanism on raising the effectiveness in production and improving the quality of work", was an economic reform initiated by Alexei Kosygin, the Chairman of the Council of Ministers. During Leonid Brezhnev's rule of the Union of Soviet Socialist Republics (USSR) the Soviet economy began to stagnate; this period is referred to by historians as the Era of Stagnation.

Source: Wikipedia — 1979 Soviet economic reform (CC BY-SA 4.0)