Volume 44, Number 5 · March 27, 1997
Russia: The New Oligarchy
By Robert Cottrell
Kremlin Capitalism: The Privatization of the Russian Economy
by Joseph R. Blasi, by Maya Kroumova, by Douglas Kruse, foreword by Andrei Shleifer
ILR Press/Cornell University Press, 249 pp., $16.95 (paper)
The task of inventing a market economy for Russia would have daunted more experienced minds. But the economists to whom President Boris Yeltsin turned in 1991 were sure of themselves, and impatient. They believed they must destroy the principles on which the old Soviet economy had rested, so that a new, Russian one might rise in its place. They thought speed essential, lest chaos or reaction overtake them.
Review, 4312 words
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