Alienation and the Soviet Economy
Alienation and the Soviet Economy: The Collapse of the Socialist Era Paul Craig Roberts, Aaron Wildavsky (Foreword)
Publisher: Independent Institute
ISBN: 094599964X
DDC: 330
Edition: Hardcover; 1999-02-01
Summary:
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.
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