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About this product
- DescriptionThis book delivers an unpopular message: the West has played a pivotal role in the Russian ecomic disaster of the 1990s. Western advisors, including the International Monetary Fund and the U.S. Treasury, applied a narrow conception of ecomics that pushed Russia, after more than seventy years of communism, toward ather failed utopia. The twenty-six contributions to this book are divided into three parts: theory, evidence, and policy. Part One directly challenges orthodox ecomic theory for obscuring the necessary role of government in creating and sustaining a market system and features essays by three Nobel laureates in ecomics-Kenneth J. Arrow, Lawrence R. Klein, and James Tobin. Part Two describes the dimensions of the ecomic crisis in Russia and presents a Russian perspective on the failure of shock therapy. Part Three presents policy recommendations, with special attention given to improving the integrity and administrative competence of the Russian government.
- Author BiographyLawrence R. Klein, who won the Nobel Prize in economics in 1980, is Benjamin Franklin Professor of Economics Emeritus at the University of Pennsylvania. Among his many books is The Economics of Supply and Demand. Marshall Pomer is President of the Macroeconomic Policy Institute, Santa Cruz, California. He is the author of Intergenerational Occupational Mobility in the United States: A Segmentation Perspective.
- PublisherStanford University Press
- Date of Publication31/03/2001
- SubjectPolitical Science & Theory
- Place of PublicationPalo Alto
- Country of PublicationUnited States
- ImprintStanford University Press
- Content NoteIllustrations
- Weight644 g
- Width3887 mm
- Height5817 mm
- Spine30 mm
- Edited byLawrence R. Klein,Marshall I. Pomer
- Foreword byMikhail Gorbachev
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