Building a Ruin

A first-rate analysis of the pitfalls of the high-savings, high-investment development model. Far from applying just to the USSR, Feygin’s intriguing book is full of lessons for development economists in general, especially those focusing on the Chinese economy. -- Michael Pettis, author of <i>The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy</i> Deeply researched, original, and illuminating. Feygin’s sophisticated account of the political origins of Soviet economic thought overturns the conventional argument that Soviet economic reforms foundered against the resistance of self-interested bureaucrats. Building a Ruin is important for understanding not only the Soviet economy, but also the broader history of the late twentieth century. -- Artemy Kalinovsky, author of <i>Laboratory of Socialist Development: Cold War Politics and Decolonization in Soviet Tajikistan</i> A fascinating book. Feygin offers a fresh take on the structural problems and political constraints that faced Soviet economists and politicians in the Cold War era. Despite the economists’ cutting-edge ideas, the government’s insistence on political stability over economic reform ultimately led to the collapse of the Soviet system. -- Kristy Ironside, author of <i>A Full-Value Ruble: The Promise of Prosperity in the Postwar Soviet Union</i> A profound reinterpretation of the politics that shaped Soviet economic policy. Driven by deep archival research and close reading of Soviet economic decision making, Building a Ruin transforms our understanding of key turning points in Soviet economic history, from the failed Kosygin reforms to the chaotic policies of perestroika. It also provides new insight into the complex economic inheritance the Soviet Union bequeathed to post-Soviet Russia. A landmark in the field of Soviet economic history, this book will be required reading for many years to come. -- Chris Miller, author of <i>Chip War: The Fight for the World’s Most Critical Technology</i> Although both are in some sense exemplars of central planning, the value chain orchestrated by Apple Inc. today is more productive and infinitely more efficient than the economy of the Soviet Union, even in its heyday. Yakov Feygin tells us how, and why. -- J. Bradford DeLong, author of <i>Slouching Towards Utopia: An Economic History of the Twentieth Century</i>