The New Russia: Transition Gone Awry

By Marshall Pomer and Marshall I. Pomer

Book Overview

This book delivers an unpopular message: the West has played a pivotal role in the Russian economic disaster of the 1990s. Western advisors, including the International Monetary Fund and the U.S. Treasury, applied a narrow conception of economics that pushed Russia, after more than seventy years of communism, toward another failed utopia.

The twenty-six contributions to this book are divided into three parts: theory, evidence, and policy. Part One directly challenges orthodox economic theory for obscuring the necessary role of government in creating and sustaining a market system and features essays by three Nobel laureates in economics--Kenneth J. Arrow, Lawrence R. Klein, and James Tobin. Part Two describes the dimensions of the economic crisis in Russia and presents a Russian perspective on the failure of shock therapy. Part Three presents policy recommendations, with special attention given to improving the integrity and administrative competence of the Russian government.

• Format: Paperback
• Language: English
• ISBN: 0804741654
• ISBN13: 9780804741651
• Release Date: February 2002
• Publisher: Stanford University Press
• Length: 480 Pages
• Weight: 0.05 lbs.
• Dimensions: 1.2" x 6.0" x 9.0"