This week on Economic Update, Professor Wolff goes beyond the simplistic, sterile Cold War debates of demonizers vs celebrants of the USSR as he delivers an in depth analysis of the USSR’s strengths, weaknesses, successes and failures from it’s revolutionary beginnings in 1917 to its implosion in 1989. The first episode of a special 2-part series where Professor Wolff gives the same in-depth analysis for the People’s Republic of China in the second part.
Economic Update: China’s Economic Record & Strategy
This week on Economic Update, Professor Wolff follows up with part two of his in-depth analyses of the USSR and anti-capitalist governments by providing (1) an overview of China’s economic development mostly over the last 25 years (GDP, real wages, etc.), and (2) its economic strategy: learning but also differing from Soviet strategy along with some relevant, and interesting, historical context.
