Mary218 Wrote:
Feb 01, 2013 8:50 AM
It helps to understand GDP if you've studied the workings and insane bureaucracy of the USSR economy where everyone worked for the government. Gaidar's "Collapse of an Empire" is worth reading, and it's also very well-written. "Wheel of Fortune" is another book about the Soviet oil sector. Oil and gas exports kept them going for a long time but eventually the bureaucracy destroyed innovation. Washington looks more and more like Moscow.