Meltdown: Inside the Soviet Economy

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Cato Institute, Sep 1, 1990 - Political Science - 280 pages
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This book describes the irrational life of Soviet producers, the monstrous deprivation of Soviet consumers, and the ideological origins of the Soviet economy that have resulted in a system unable to bear the weight of being a superpower. The authors spell out the challenges that Gorbachev and his successors face. The penultimate chapter deals with the privatization of the Soviet economy. In the last chapter they document the failure of Western experts and pundits to create a true picture of the Soviet system.

 

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Contents

1 Introduction
1
2 The Soviet Producer
7
3 The Soviet Consumer
39
4 The Original Aspirations and the Soviet Economy Today
75
5 Is the Soviet System Redeemable?
87
6 Privatizing the Soviet Economy
111
7 Beyond Marxism
121
Index
145
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About the author (1990)

Paul Craig Roberts is an adjunct scholar at the Cato Institute. He holds the William E. Simon Chair in Political Economy at the Center for Strategic and International Studies and is chairman of the Insititute for Political Economy, and a senior research fellow at the Hoover Institution. He is former assistant secretary of the Treasury for economic policy and a former associate editor of, and columnist for, the Wall Street Journal.

Karen LaFollette is a research associate at the Institute for Political Economy in Washington, D.C.

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