Kremlin Capitalism

A remarkably well informed account of the Russian privatization program during its early years…. The authors present a balanced, nuanced, and realistic assessment of the Russian experience…. A valuable book for those interested in the early stages of Russian economic transition, and for those who seek a deeper understanding of the current dilemma.

The first comprehensive and in-depth study on the restructuring of Russian enterprises…. Blasi and his colleagues had uniquely privileged access to the unfolding story in Moscow and the critical evidence on the ground in Russia’s regions. They have seized this opportunity and written a fascinating book that describes the battle between workers, managers, organized crime, the old Soviet bureaucracy, financial-industrial groups, citizens, entrepreneurs, banks, and foreign investors as they compete for their vested interests while trying to detach themselves from the communist past. For many years to come, the book is certain to remain of great value to a broad spectrum of serious students of Russia and enterprise restructuring processes in general.

Joseph R. Blasi is a fellow at the Institute for Advanced Study in Princeton, New Jersey, Professor at Rutgers University’s School of Management and Labor Relations, and director of the Russian research program at Rutgers. Since 1992 he has served as a member of the U.S. team headed by Andrei Shleifer which advises the Russian government on economic reform. An expert on corporate ownership, Blasi has been interviewed on National Public Radio, CNN, and CNBC, has appeared on the former McNeil/Lehrer Newshour, and has been quoted in numerous magazines and newspapers including Newsweek, Business Week, the Wall Street Journal, and the New York Times. Andrei Schleifer is Professor of Economics at Harvard University.

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