Provides an overall assessment of problems and prospects for socialism (at a time of the abolition of the old Union of Soviet Socialist Republics and creation of a new “Commonwealth of Independent States”) by examination of three central themes. First, it is shown that because the old Soviet...

Examines Gorbachev′s (1985‐1991) period of Soviet development as an exemplar of a self‐declared movement towards a more democratic and humane socialism. Gorbachev′s perestroika envisaged a fundamental structural and technological renovation of Soviet economy, reactivation of Soviet...

Examines critically the promises and dilemmas of capitalist transition and economic transformation in the context of a post‐communist society such as Russia. Discusses the strategies for economic reform, the direction of change and the pace and magnitude of reforms.

Examines the sequencing of economic reforms in the post‐communist transition, focusing on Russia. Proposes a moderately expansionary stabilization, succeeded by gradual liberalization and marketization, followed by a more ambitious economic restructuring and privatization.

Gorbachev′s vision of democratic, decentralised and market‐oriented socialism has generated diverse and controversial perceptions in the Soviet Union. Gorbachev′s claim that the USSR is not retreating from socialism but advancing towards it, having dismantled the Stalinist Command model,...

Continues an examination of the Gorbechev era (1985‐91) in Soviet development as an example of a movement towards a more democratized form of Soviet‐style socialism. An earlier artilce focused on underlying causes and origins of this democratized version of Soviet socialism and its...