Description
The book argues that the failure of perestroika was inevitable because its reforms were not based on sound understanding of market and political processes.
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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