Abstract
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.
The author would like to thank the following people for helpful comments and suggestions: Aznan AbuBakar, Craig Anderson, Tony Atkinson, Stephen Bland, Franklyn Griffiths, Eric Helleiner, Dorothy Hunter, Martha Hunter, John Micklewright, James Orbinski and Yuri Zharikov. The author, of course, retains complete responsibility for the final product.
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References
Chrystia Freeland: Sale of the Century — Russia’s Wild Ride from Communism to Capitalism Toronto (Doubleday Canada) 2000, Chapter S.
Geoffrey York: “Corrupt Russian elections turning voters into cynics”, Globe and Mail(January 1, 2002), p. AS.
John Cassidy, “The Price Prophet”, New Yorker,(February 7, 2000), p. 50.
Amartya Sen: Development as Freedom,New York (Anchor Books) 2000, p. 264.
Geoffrey York: “Flight of Russian capital helped sink ruble, study says”, Globe and Mail Report on Business,(Friday, September 11, 1998), p. BI.
European Bank Reconstruction Development: Transition Report 1998,Annex 1.1, pp. 12–9 for a concise summary.
John Micklewright and J.S. Flemming: “Income Distribution, Economic Growth and Transition”, in: A.B. ATKINSON AND F. BOURGUIGNON (Eds.): Handbook of Income Distribution, Vol. I, Amsterdam (Elsevier) 2000, p. 895.
Jeffrey Tayler: “Russia is Finished”, Atlantic Monthly, (May 2001), pp. 35–52.
Geoffrey York: “Past for Russians holds no future”, Globe and Mail Report on Business,(Monday, December 24, 2001), p. A10.
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Hunter, W.T. (2004). Russia’s Experiment with the “Invisible Hand”. In: Hodgson, B. (eds) The Invisible Hand and the Common Good. Studies in Economic Ethics and Philosophy. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-10347-0_18
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DOI: https://doi.org/10.1007/978-3-662-10347-0_18
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