Reforming the Soviet Economy

The economic reform urged upon the Soviet Union by the great international financial institutions reduce to three elements— macroeconomic stabilization, freeing of all but a few prices, and ownership reform. These are discussed in The Economy of the USSR, a fifty-one page summary of more detailed studies, issued jointly by the International Monetary Fund, the World Bank, the European Bank for Reconstruction and Development, and the Organization for Economic Cooperation and Development (here...