Privatizing Russia
by Maxim Boycko, Andrei Shleifer, Robert W. Vishny
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Book Summary Information
Author: Andrei Shleifer, Maxim Boycko, Robert W. VishnyEdition: Paperback
Audio: English (Unknown); English (Original Language); English (Published)
Published: 1997-01-22
ISBN: 0262522284
Number of pages: 176
Publisher: The MIT Press
Book Reviews of Privatizing Russia
Book Review: A little too sure of themselves
Summary: 3 Stars
Shlefier et al offer a simplified theoretical approach to privatization, and defend it with simple, repetitive description throughout what reads like a long and under-footnoted, non-technical paper. The simplified theory is not really controversial, but despite what they may believe, it does not explain everything nor is it the only way to look at the situation.
They present the problem as more or less solved. They seem very proud of themselves, and over-confident, though in the conclusion they temper it a bit. Very few statistics are presented and many claims are made that are not supported with citation - disappointing as it would be interesting to follow up on them. So, instead of an analysis and a starting point, the book reads as a policy paper presented to the funding source: "Look, we had a theory, we were right, everything is going swimmingly - please give us more money."
Compare this to "Poland's Jump to the Market Economy" which presents dozens of tables of statistics from before and after the transition began, covering standard of living, employment, different sectors and sizes of firms and status of privatizing. Rather than focus so much on whether his own pet theoretical point of view was defensible, Sachs presented cautious but optimistic facts about Poland's progress. And consider which country is actually doing better today.
However, the theory is interesting, and the book is quite readable. It isn't worthless, it is interesting. I can't give it less than 3 stars, that would just be mean.
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