This book describes the irrational life of Soviet producers, the monstrous deprivation of Soviet consumers, and the ideological origins of the Soviet economy that have resulted in a system unable to bear the weight of being a superpower. The authors spell out the challenges that Gorbachev and his successors face. The penultimate chapter deals with the privatization of the Soviet economy. In the last chapter they document the failure of Western experts and pundits to create a true picture of the Soviet system.
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About the Author
Karen LaFollette is a research associate at the Institute for Political Economy in Washington, D.C.