I will begin by saying that I fully support the analysis and conclusions V. Seliunin advanced in his article. He does not talk about trifles, about secondary problems and difficulties in our economic life. He talks about the most important thing. We have no need of illusions. The question today...

iThe editors/i o/Novyi mir i[New World] received many hundred letters following publication of the article "Advances and Debts" [Avansy i dolgij. * Roughly nine-tenths of them supported the author's positions; one-tenth were partially or entirely opposed. Many of the letters raised very acute...

No one is satisfied with the state of our economy. Two of its major, "built-in" flawsâthe producer's monopoly in the face of general scarcity, and the enterprises' lack of interest in scientific-technological progressâare probably obvious to everyone. But I am certain that there are no sages...

The transition to a socially oriented market economy in Russia will unquestionably take more than one decade and perhaps even more than one generation. The magnitude of the problems confronting the nation is too great for us to have any illusions that this most profound historical crisis can be...

The article analyzes why many transitional economies have succeeded by pursuing policies that differed significantly from the radical economic liberalization that was credited for economic success in the countries of Central Europe, while many countries with liberal policies have not succeeded....

In June-August 1997, a sharp devaluation of the currencies of the countries of Southeast Asia (SEA) occurred owing to the outflow of short-term capital; the Thai baht decreased in value by almost 30 percent by September, and the currencies of Indonesia, Malaysia, and the Philippines by 15-20...

The Report of the Central Committee of the Communist Party of the Soviet Union (CPSU) to the Twenty-fifth Party Congress states that in order to resolve the diverse economic and social problems confronting the nation, "there is no other avenue except the urapid growth of labor productivity and a...

Articles have been published repeatedly in the pages of iVoprosy ekonomiki/i in which attempts have been made to prove that the exchange rate of the ruble was artificially made too high, that a devaluation was not only desirable but essential to stimulate growth in exports and production, and...

Why indeed? Is it not obvious that a normal, full-fledged, developed market is inconceivable without private property? The term "socialist market" is by definition a contradiction, is just as nonsensical as the expression "socialist cold" because the market, like a cold, either exists or does...