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Alienation and the Soviet Economy: The Collapse of the Socialist Era Revised second edition

3.0 3.0 out of 5 stars 1 rating

The first edition of this seminal book in 1971 pointed out the fatal defects of Marxist theory that would lead to the collapse of the Soviet economy. In this revised edition, Paul Craig Roberts examines how reality triumphed over Marxist theory and the implications for the future of Russia and eastern Europe. In 1971, Roberts created a firestorm among professional Sovietologists by proclaiming that the economies of the USSR and its East Bloc allies were doomed because their planned economies were, in reality, anything but planned. Expanding on his original ideas, Roberts demonstrates in this book the fatal shortcomings of Marxist economies, ranging from misallocation of resources to ersatz capitalistic concepts grafted onto a system that calls for production without regard to profit. Roberts argues that the economies of the nations emerging from the USSR’s collapse must grasp the profound truths in this book if they are to become viable.
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"An almost unique combination of economic expertise and common sense."  —Robert Conquest, author of The Great Terror; senior fellow, Hoover Institution


About the Author

Paul Craig Roberts is the chairman of the Institute for Political Economy and a nationally syndicated columnist.

Product details

  • Publisher ‏ : ‎ Independent Institute; Revised second edition (February 1, 1990)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 152 pages
  • ISBN-10 ‏ : ‎ 0945999631
  • ISBN-13 ‏ : ‎ 978-0945999638
  • Item Weight ‏ : ‎ 8.8 ounces
  • Dimensions ‏ : ‎ 6 x 0.43 x 9 inches
  • Customer Reviews:
    3.0 3.0 out of 5 stars 1 rating

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  • Reviewed in the United States on November 3, 2021
    I have mixed opinions about this book. It offers pretty turgid discussions about Marxist economic theory and simultaneously attempts to describe a little history behind the economy of the former USSR / Soviet Union.

    Chapter 1 discusses Marxist thinking on the capitalistic market economy and commodity production. I thought Roberts' explanations were more clear than most that I have read in other books on Marxist theory. I still find the subject pretty boring and say to myself, though, "You really mean that people actually fought and died over this?"

    Chapter 2 on "War Communism" is much more interesting. Roberts argues that most historians have misread Lenin's, Trotsky's, and Bukharin's implementation of a forced or confiscatory distribution and production system as a temporary expedient caused by the civil war of 1918 - 1921. This is not correct. It was exactly the type of economic system that Marxist theory demanded and which Lenin was perfectly willing to establish permanently. Lenin and others supposedly experienced an existential and psychological crisis when they discovered that their intentions were impossible to achieve and that they had destroyed the economy. If a Marxist economic system could not be made to function, then what was the purpose of the Revolution of 1917 and the ensuing civil war of 1918 - 1921? Soviet Marxist theoreticians have gone into ideological contortions over this issue. It was only later that central planning became a means for rapid industrialization and not a replacement for a capitalist market economy.

    Chapter 4 "The Polycentric Soviet Economy" then describes the Soviet economy as it was developed and eventually existed. There is much discussion of the irrationality and inefficiency of the former Soviet economy. Here there is another misunderstanding by western economists. Ideologically, in the Soviet Union the purpose of central planning was to eliminate the market economy. The fact that it did so very inefficiently was irrelevant.