The Russian Odyssey: 1900-1924

In the first decades of the twentieth century, Russia went from autocracy, to revolution and civil war, to communist rule. Economically, it went from an impoverished market economy, to War Communism and the New Economic Policy, to the beginnings of the command economy…

The Russian Odyssey: 1924-1953

During Stalin’s rule, the Soviet Union abandoned markets in favour of a pure command economy, and industrialized at the fastest possible pace…

The Russian Odyssey: 1985-1991

Mikhail Gorbachev attempted to introduce market-oriented economic reforms in the late 1980s. They were too little, too late. The Soviet Union collapsed in December 1991…