Perestroika was acclaimed in the west but brought empty shelves in the east. Why Perestroika Failed argues that this was inevitable because it was not based on a sound understanding of market and political processes. Even if the perestroika programme had been carried out to the full it would have failed to bring about the structural changes necessary to transform what was the Soviet economy.
`Within the recent wave of reflections on perestroika Boettke's book is inspired by the Hume-Hayek tradition, which is extremely well applied in the explanations of the structural weaknesses perestroika failed to overcome. Whether you agree or disagree with the arguments the book gives an excellent and consistent view on the topic.'- Slavo Radosevic, University of Sussex