Western analysts were unprepared for the Soviet collapse because they accepted a host of false assumptions about the Soviet economy. A positive attitude toward central planning was considered a sign of sophistication, instead of the symptom of economic sophistry that the Soviet collapse once and for all proved it to be.

Other Independent Review articles by Paul Craig Roberts
    Fall 2009   Letter to the Editor
    Spring 2004   My Time with Karl Marx
    Spring 2003   The Causes of Wrongful Conviction
[View All (7)]