The Soviet reformers of the late 1980s saw the “market socialism” of the New Economic Policy of the 1920s as a model to emulate. But the NEP was laced with internal contradictions, and the failure to grasp this fact contributed to the Soviet collapse.

Other Independent Review articles by Jonathan J. Bean
    Winter 2006   Adoption of State Lotteries in the United States, with a Closer Look at Illinois
    Summer 2003   Shame of the Cities
    Fall 2000   “Burn, Baby, Burn”
[View All (5)]