Russian Economic Reform

Russian Economic Reform

by James Leitzel
     
 

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ISBN-10: 0415125111

ISBN-13: 9780415125116

Pub. Date: 04/28/1995

Publisher: Taylor & Francis

Transitions from socialism to capitalism are complex, both in theory and practice. Russian Economic Reform enables the reader to come to a much better understanding of these momentous changes, by providing a clear and accessible account of the major features of transition. It argues that attempts to portray the reform process is a disaster are misconceived,

Overview

Transitions from socialism to capitalism are complex, both in theory and practice. Russian Economic Reform enables the reader to come to a much better understanding of these momentous changes, by providing a clear and accessible account of the major features of transition. It argues that attempts to portray the reform process is a disaster are misconceived, because they fail to take account of just how badly the pre-reform economy was doing. Many of the problems that are emerging now have their antecedents in the earlier economic system.

Product Details

ISBN-13:
9780415125116
Publisher:
Taylor & Francis
Publication date:
04/28/1995
Pages:
208
Product dimensions:
6.10(w) x 9.00(h) x 0.70(d)

Table of Contents

PREFACE: An Economic Excursion <%INTRODUCTION%> The Destination of Russian Economic Reform; The Theme; Implicit versus Explicit; Partial Reform; Pre-Reform Statistics; Statistics and Reform; Limits to Understanding; The Path Ahead CHAPTER 1: MARKETS AND PLANS Econ 101; Soviet

Econ 101; The Myth of the Plan; Sufficient Reforms?; More on the Path Ahead CHAPTER 2: RUSSIAN MARKET ACTIVITY Soviet-Era Market Behavior; Market Behavior During Reform; Spontaneous Privatization; More Private Activity; Costs of Doing Business; Conducting Business in Transitional

Inflation; Inflation Costs and Price Liberalization; Comparing Strategies to Combat Repressed Inflation; Causes of Inflation; Budget Deficits and Inflation During Transition; Credible Disinflation; Parking and Perestroika; Are Rubles Worthless? CHAPTER 4: EMPLOYMENT AND

UNEMPLOYMENT Introduction; The Labor Sector Under the Ancien Regime; From Implicit to Explicit Unemployment; Partial Reforms and Economic Distortions; Enterprise Debt; Lessons for Reform; Distribution Again Real Wages; Misleading Unemployment Statistics CHAPTER 5: PRIVATIZATION

Introduction; Privatization Guidelines; Pre-Reform Property Rights; The Reform Period; Official Russian Privatization; CHAPTER 6: MONOPOLY Introduction; Measuring Monopoly; Monopoly Rents, Pre- and Post- Reform; Monopoly and Privatization; Anti-Monopoly Policy; CHAPTER 7: INCOME AND

LIVING STANDARDS Crisis, Chaos, and Collapse; Measuring Living Standards; GNP and Living Standards in the Former Soviet Union; Central Planning and the Measurement of GNP; Russian Incomes During the Transition; Moscow and St Petersburg; Distribution Revisited; Percpetions of Decline;

Barter; The Socialist Vice; CHAPTER 8: FALSE HOPES Military Conversion; Ruble Convertibiity; Western Aid; Gradual Reform, Chinese Style; Conclusions; CONCLUSIONS BILBLIOGRAPHY ENDNOTES

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