Russia is a binary economy in progress. Louis Kelso's Two-Aspect Theory - the basis of binary economics - was the guiding principle of Russia's economic reformers during the late 1980s and early 1990s. Adapted to special conditions in Russia, binary economics reinvented capitalism and was the foundation on which Russia's successful transition to a market system was achieved. A core component of the binary economy in the Russian context is direct worker ownership.
Peter J. Piveronus, Jr. is Adjunct Professor of History at Lansing Community College.
Foreword; Acknowledgements; Prologue; Introduction - The "Third Wave"; 1. Louis Kelso Goes to Moscow: The Binary Economic Experiment Takes Root; 2. "A Revolution from Below": The BUTEK Experiment; 3. Fast Track - Slow Track: The Politics of Privatization; 4. "Make Everyone an Owner": Voucher Privatization; 5. Direct Worker Ownership: Centerpiece of the Binary Economic Experient; 6. The Russian Binary Construct: Adjunct Components; 7. New Russia - New Paradigm; 8. Beyond 2000: The Future of Russia's Experiment in Binary Economics; 9. Conclusion: Peoples' Capitalism: Russia's Alternative to the Command Economy and Corporate Concentration; Postscript: Whither Russia?; Appendices A, B, C; Bibliography; Index.