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Russia’s Experiment with the “Invisible Hand”

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

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.

Keywords

Income Distribution Gini Coefficient Economic Freedom Invisible Hand Shock Therapist 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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    Chrystia Freeland: Sale of the Century — Russia’s Wild Ride from Communism to Capitalism Toronto (Doubleday Canada) 2000, Chapter S. Google Scholar
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    Geoffrey York: “Corrupt Russian elections turning voters into cynics”, Globe and Mail(January 1, 2002), p. AS. Google Scholar
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    European Bank Reconstruction Development: Transition Report 1998,Annex 1.1, pp. 12–9 for a concise summary.Google Scholar
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    Jeffrey Tayler: “Russia is Finished”, Atlantic Monthly, (May 2001), pp. 35–52.Google Scholar
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    Geoffrey York: “Past for Russians holds no future”, Globe and Mail Report on Business,(Monday, December 24, 2001), p. A10.Google Scholar

Copyright information

© Springer-Verlag Berlin Heidelberg 2004

Authors and Affiliations

  • William T. Hunter

There are no affiliations available

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