When I started to read "[Lost Chance:] Notes of a Market Romantic," I was mentally prepared to defend their author, who raised the banner of economic liberalism quite a long time ago, against occasionally unfair criticism. Real liberalism (not caricatured liberalism of the sort proposed by the...

Trade and capital flows between Russia and the rest of the world are now significant for both partners. The economic reforms introduced in Russia since 1991 have converted an autarkic, highly regulated economy into a relatively open one. The dramatic change followed from the abolition of central...

Since the beginning of 1994, disagreements on economic policy issues among representatives of a government team that was formally united until that time have become public and political. E. Gaidar, B. Fedorov, and certain other members of the reform team have quit the government headed by V....

The long-brewing financial crisis that ultimately burst forth in August 1998 has already been acknowledged as the most acute financial cataclysm since at least the fall of 1991. Its immediate consequences were the considerable financial losses suffered by many economic entities; the temporary...

One of the most urgent problems facing Russia today is the attainment of stable economic growth. There is every chance that the discussion of the necessary prerequisites for its beginning will take the place of the gradually subsiding debate over the nature and factors of Russian inflation.

A short article devoted to the comparative analysis of different models of economic policy and their consequences for economic growthsup1/sup evoked quite a critical reaction.sup2/sup A respected colleague disagreed with some of the article's theoretical premises, spoke out against a series of...

A previous articlesup1/sup analyzed the contribution of the budget policy that was pursued in 1992-98 to the development of the Russian financial crisis. However, as has already been noted, the budget policy was far from the sole factor that brought the country to financial crisis. Another no...