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Alienation and the Soviet Economy
Alienation and the Soviet Economy

Alienation and the Soviet Economy

The Collapse of the Socialist Era

BUSINESS & ECONOMICS

152 Pages, 6 x 9

Formats: Cloth, Trade Paper, EPUB, Mobipocket, PDF

Trade Paper, $16.95 (US $16.95) (CA $25.95)

Publication Date: February 1990

ISBN 9780945999638

Rights: WOR

Independent Institute (Feb 1990)

eBook

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Overview

The first edition of this seminal book in 1971 pointed out the fatal defects of Marxist theory that would lead to the collapse of the Soviet economy. In this revised edition, Paul Craig Roberts examines how reality triumphed over Marxist theory and the implications for the future of Russia and eastern Europe. In 1971, Roberts created a firestorm among professional Sovietologists by proclaiming that the economies of the USSR and its East Bloc allies were doomed because their planned economies were, in reality, anything but planned. Expanding on his original ideas, Roberts demonstrates in this book the fatal shortcomings of Marxist economies, ranging from misallocation of resources to ersatz capitalistic concepts grafted onto a system that calls for production without regard to profit. Roberts argues that the economies of the nations emerging from the USSR’s collapse must grasp the profound truths in this book if they are to become viable.

Reviews

"An almost unique combination of economic expertise and common sense." —Robert Conquest, author of The Great Terror; senior fellow, Hoover Institution

Author Biography

Paul Craig Roberts is the chairman of the Institute for Political Economy and a nationally syndicated columnist.