This book directly confronts uncomfortable questions that many prefer to brush aside: if economists and other scholars, politicians, and business professionals understand the causes of economic crises, as they claim, then why do such damaging crises continue to occur? Can we trust business and...

Die Verfasser setzten sich kritisch mit dem Versagen der Schocktherapie bei der Transformation der russischen Wirtschaft auseinander. Die Ineffizienz eines selbsttragenden Übergangsprozesses von der Plan- zur Marktwirtschaft wird aus den vielfältigen institutionellen und strukturellen...

Cover -- Contents -- Preface -- Introduction -- 1 Developments in the Global Economy -- 2 Capitalism, the Market, and Morality -- 3 Shifts in the Global Economy of the 1980s-2010 and Changes in the Moral and Psychological Climate -- 4 International Relations, 1980s-2008: Putting Self-Interest...

Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky,...