This article shows that after the collapse of the USSR the post-socialist countries all followed a similar path: after the transformation fall in social production they are now in the stage of growth. Moreover, this does not depend on particular circumstances connected with, for example, the...

The situation that developed in 1989-91-when demand exceeded supply, prices were fixed, employment was full, the surplus money supply was consumed in regulated distribution in queues, black market prices differed sharply from official prices, and savings were of a forced nature-was by no means a...

It is not so easy to take the long view of socioeconomic history when you are participating in a revolution. For that reason, Russian economist Yegor Gaidar put aside an early version of this work to take up a series of government positions--as Minister of Finance and as Boris Yeltsin’s acting...

Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across...

The end of the Cold War saw an unprecedented number of countries changing economic policies at the same time. One result has been the emergence of a new field of economics, postcommunist transformation theory. Written by prominent Russian analysts, the essays in this book discuss the economic...

The paper by John Odling-Smee and Gonsalo Paster (2002) has provided new insights on the political dimensions of the IMF's stand on the ruble zone. These political issues are discussed in the general context of the early reforms in the former Soviet states and more specifically they are...