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
|Adoption of State Lotteries in the United States, with a Closer Look at Illinois
|Shame of the Cities: Setting Aside Justice for the Disadvantaged
|Burn, Baby, Burn: Small Business in the Urban Riots of the 1960s
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