Preface 1. Introduction 2. The Road to Nowhere 3. The Theoretical Problems of Socialism 4. The Nature of the Soviet-Type System 5. The Logic of Politics and the Logic of Reform 6. Credibility in Soviet Reforms 7. Charting a New Course 8. Conclusion

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.