"Describing and assessing the course, successes, and failures of transforming the former Soviet Union and seven other countries into market economies, this study has no equals in comprehensiveness and specificity.... Highly recommended." - Choice
How Capitalism Was Built tells the story of how the former communist countries in East and Central Europe, Russia, and Central Asia became market economies from 1989 to 2006. It discusses preconditions, political breakthroughs, and alternative reform programs. Three major chapters deal with the deregulation of prices and trade, price stabilization, and privatization.