Calculation and Coordination:

Essays on Socialism and Transitional Political Economy

The Foundations of the Market Economy series, edited by Mario Rizzo and Larry H. White

New York: Routledge, 2001

"Boettke’s provocative reinterpretation of the Soviet and transition periods, particularly his reinterpretation of the Soviet period, is based largely on theoretical foundations, due to the extreme secrecy of the Soviet period. He provides interesting hypotheses about the Soviet economy being a rent seeking rather than a planned economy—that can eventually be tested against real-world Soviet data as they emerge. The application of modern political economy to explain the problems of transition has brought together the 'old' and 'new' economic specialists on the former Soviet Union. I am particularly pleased that Boettke, unlike others, has taken the time to examine the Soviet past and in particular question the stereotypes of the Soviet administrative-command economy that Soviet specialists have been too willing to accept."

 

 

Paul R. Gregory
Professor of Economics, University of Houston

Review in The Review of Austrian Economics, 15:1, 95–97, 2002.

 

See the entire review here.

 

 

 

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