Russia’s Experiment with the “Invisible Hand”
The implosion of the former Soviet Union clearly constitutes one of the defining moments of twentieth century history. However, to describe it as the defeat of communism by capitalism is not only to over-simplify the complexity of the situation, but also to imply that capitalism will succeed where a centrally planned economy failed.
KeywordsIncome Distribution Gini Coefficient Economic Freedom Invisible Hand Shock Therapist
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