Why Perestroika Failed: The Politics and Economics of Socialist Transformation
Peter J. BoettkeISBN: 0415085144;
Why Perestroika Failed is the first study to apply an Austrian market process approach to analyze the economic dimensions of the Soviet system and a public choice approach to address the political aspects. Peter Boettke argues that the failure of perestroika was inevitable because its reforms were not based on a sound understanding of market and political processes. The book presents a critical assessment of the reform movement, examining the various proposals and paradoxes of the Soviet efforts at reform.
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