The epic tale of the Soviet Union's quest to construct a socialist economy was, until recently, the principal motif of textbooks on the Russian economy. Rosefielde's new text offers a more sober recounting of the Bolshevik saga, stripped bare of socialist romanticism, focused equally on the micro- and macoeconomics of administrative command planning, and Russia's post-Communist market system. Understanding the Soviet economic system and the causes of its failure are central to any student's study of Russia's struggle towards a market economy and its prospects for the future.

New textbook, offering a more sober recounting of the Bolshevik saga, stripped bare of socialist romanticism.

Focuses equally on the micro- and macroeconomics of administrative command planning, and Russia's post-communist market system.