Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed

The Russian revolution, collapse of the Soviet Union, and Russia's ensuing transformation belong to the greatest dramas of our time. Revolutions are usually messy and emotional affairs, challenging much of the conventional wisdom, and Russia's experience is no exception. This book focuses on the transformation from Soviet Russia to Russia as a market economy, and explores why the country has failed to transform into a democracy.

It examines the period from 1985, when Mikhail Gorbachev became...