The Economics of Russian Transition

The Economics of Russian Transition

Edited by Yegor Gaidar

Russian analysts discuss postcommunist economic transformation.





Russian analysts discuss postcommunist economic transformation.

The end of the Cold War saw an unprecedented number of countries changing economic policies at the same time. One result has been the emergence of a new field of economics, postcommunist transformation theory. Written by prominent Russian analysts, the essays in this book discuss the economic policy problems that confront postcommunist countries. Most chapters focus on liberalization of the exchange rate and trade system, macroeconomic stabilization, and institutional reform. They also look at various policy options that have been pursued and their results. Underlying the book is the assumption that the transition to a market economy is both irreversible and the best path to sustained growth in Russia.


Out of Print ISBN: 9780262072199 1056 pp. | 6 in x 9 in 102 illus.


Out of Print ISBN: 9780262527286 1056 pp. | 6 in x 9 in 102 illus.


Yegor Gaidar

Yegor Gaidar (1956–2009) was a Russian economist and politician and a key architect of economic reforms in Russia's transition to a market economy.


  • Unlike many recent bombastic and fact-free accounts of Russian reforms, this book presents a sober, balanced, and informed picture of the Yeltsin era. It will be of great value to anyone wishing to understand what really happened in Russia.

    Andrei Shleifer

    Professor of Economics, Harvard University, and author of Without a Map: Political Tactics and Economic Reform in Russia

  • This is a monumental, well-informed, and insightful book by top Russian economists, explaining the course of Russian transition. It is a must-read for those who want to understand modern Russia's economy.

    Anders Åslund

    Senior Associate, Carnegie Endowment for International Peace