John Kenneth Galbraith and the Anatomy of Russian Capitalism
In our book Capitalism, Communism and Coexistence (first printed in the US in 1987 and subsequently translated into Russian, French and other languages), Galbraith and I assumed that the centrally-planned economy of Russia would slowly transform into a mixed system combining competitive market mechanisms with active state intervention and a well-developed social security infrastructure. Basically, we were following the concept of socio-economic convergence between capitalism and communism, a concept that was first suggested by Jan Tinbergen and John Kenneth Galbraith and that was popular in the West in the 1970s and 1980s.
KeywordsNickel Depression Income Palladium Defend
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