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Ignore Sovietology at Your Peril

The year 1997 not only marks the fifth anniversary of the publication of Demokratizatsiya but also the fifth anniversary of Yeltsin's economic reforms. Shock therapy, as it was often called, was designed in part with advice from several Western economic theorists who specialized in economic development and transformation. Given their earlier successes with other developmental efforts as well as their own acknowledged ability, many of these specialists were regarded as among the best and the brightest in the Western economic profession. However, few if any of them had much exposure to what was …

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