This book is concerned with Russia's economic transition from a predominantly feudal economy to a capitalist economy; from an economy based on private ownership, to one based exclusively on state ownership, and finally, from the latter back to private ownership and market-directed relations. These transitions have generated much thought not only in economics, but in history, political science and sociology. Current research in economic transition is commanding great interest; as it reviews methods and outcomes of privatization, along with a variety of problems in economic growth, industrial organization, public economics, international finance and monetary economics.

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