Since 1991, the economies of the former Soviet Union have experienced sizeable shocks that have pushed equilibrium real wages far from pre-transition levels. This paper sets out a framework in which to assess the degree of real wage adjustment needed to restore equilibrium, and discusses...

In virtually all advanced industrialized countries, the explosive topic of immigration has engendered heated argument, political anger, cultural anxieties, and blatant racism. In the United States, most of the attention is on the stream of Mexicans crossing the border in such numbers that early...

The postcommunist transitions produced two very different types of states. The "contractual" state is associated with the countries of Eastern Europe, which moved toward democratic regimes, consensual relations with society, and clear boundaries between political power and economic wealth. The...

Could the USSR have been prepared for World War II more humanely and efficiently? In this first integrated evaluation of Stalin's economic goals and actions, Holland Hunter and Janusz Szyrmer reconstruct and test Soviet results annually and by sector. Addressing historians, political scientists,...

Priests of Prosperity explores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance...