Russia: The Horse-Sense Revolution

The real revolutionaries in Russia today are a brave band of economists who put profits and efficiency above Marxist cant. Led by Evsei Liberman (TIME cover, Feb. 12), they persuaded the Kremlin six months ago to begin sizable tests of their Western-style theories in the Soviet economy. First some 400 light-industry plants were cut loose from rigid central planning, permitted to produce whatever they thought they could profitably sell. Then heavy industry in the Lvov area was allowed to try out the new system. When factory managers and economists from 30 cities...

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