The Soviet Legacy
(Lecture material: Barry W.
Ickes and Altay Mussurov)
Putin has called the USSR's collapse the 20th
century's greatest tragedy (The Guardian, 1
Gaidar: - ,
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THE PLANNED ECONOMY AND THE NEED FOR
HOW DID IT WORK?
The major characteristics are:
1. collective ownership of all property rights
2. the use of state planning to replace the market for co-ordination
Certain Policy Choices Were A