Russia’s Experiment with the “Invisible Hand”

  • William T. Hunter
Conference paper
Part of the Studies in Economic Ethics and Philosophy book series (SEEP)


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.


Income Distribution Gini Coefficient Economic Freedom Invisible Hand Shock Therapist 
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Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • William T. Hunter

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