Russia's Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed

Anders Aslund, Peterson Institute
Andrei N. Illarionov, Former Economic Adviser to President Vladimir Putin
Richard Pipes, Harvard University

Peterson Institute for International Economics, Washington, DC

November 19, 2007


The Peterson Institute released the latest book by senior fellow Anders Åslund, Russia’s Capitalist Revolution: Why Market Reform Succeeded and Democracy Failed, at a meeting on November 19, 2007. Author Åslund presented the major conclusions from his book and was joined in discussion by well-known Russian historian and Harvard Professor Richard Pipes and Andrei N. Illarionov, former economic adviser to President Vladimir Putin.

About the Speakers

Anders Åslund joined the Institute in January 2006 after spending 11 years at the Carnegie Endowment for International Peace, including as director of its Russian and Eurasian Program. He has written extensively on Russia's transformation for the last two decades and served as an economic adviser to the Russian reform government during 1991–94.

Richard Pipes, professor of history at Harvard University for over 40 years, is one of the world's leading authorities on Soviet, Russian, and Caucasian history. His expertise has led governments, organizations, and publications to seek out his advice. In addition to being a senior professor at Harvard, Dr. Pipes has served as director of Harvard's Russian Research Center (1968–73), as an expert for the Russian Constitutional Court (1992), as director of the National Security Council's East European and Soviet Affairs team (1981-82), as a member of the State Department's Reagan Transition Team (1980), and as chairman of the CIA's "Team B" to Review Strategic Intelligence Estimates (1976). He is a member of the Council of Foreign Relations. Pipes is the author of many books including Communism: A History (2003).

Andrei Illarionov is a senior fellow at the Cato Institute's Center for Global Liberty and Prosperity. From 2000 to December 2005 he was the chief economic adviser to Russian President Vladimir Putin. Illarionov also served as the president's personal representative (sherpa) in the G-8. He is one of Russia's most forceful and articulate advocates of an open society and democratic capitalism and has been a long-time friend of the Cato Institute. Illarionov received his PhD from St. Petersburg University in 1987. From 1993 to 1994 Illarionov served as chief economic adviser to the prime minister of the Russian Federation, Viktor Chernomyrdin. He resigned in February 1994 to protest changes in the government's economic policy. In July 1994 Illarionov founded the Institute of Economic Analysis and became its director. Illarionov has coauthored several economic programs for Russian governments and has written three books and more than 300 articles on Russian economic and social policies.



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