PHILIP HANSON is professor of Soviet economics at the Centre for Russian and East European Studies of the University of Birmingham, United Kingdom. He is the author of several books on the Soviet economy and East-West trade, of journal articles in Soviet Studies, Soviet Economy, The Journal of Comparative Economics, European Economic Review and elsewhere, and of press articles for the Financial Times, Times (London), Independent, and Wall Street Journal. Hanson has been a visiting professor of economics at the University of Michigan and a senior Mellon fellow at Harvard University's Russian Research Center.

• Author's Prologue: January 1992 Introduction Brezhnev's Economic Legacy Economics, Sovietology, and Mr. Gorbachev's Agenda Discussion of Economic Reform in the USSR: The "Novosibirsk Paper" Mikhail Gorbachev and the Soviet Economy The Reform Debate Expands Economics, Economic Advisers, and the Gorbachev Leadership The Twenty-Seventh Party Congress: The Economy Some Unanswered Questions about Gorbachev's Economic Reorganization The Soviet Twelfth Five-Year Plan The Enterprise Law and the Reform Process The Reform Debate: What Are the Limits? The Draft Law on Cooperatives: An Assessment Ownership and Economic Reform Inflation versus Reform The Current State of Soviet Economic Reforms Capitalism or Socialism? A Minor Semantic Problem in the Soviet Reforms Prospects for Reform: Three Key Issues in 1990 Gorbachev's Revolution Really Does Start Here Soviet Food Shortages: Chaos Rather Than Famine Index