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...easy choice. One of America's foremost authorities on the Soviet economy, Hewett has written or edited five texts on the subject. These days, the peripatetic economist is in high demand as a speaker and seminar participant. Even Soviet policymakers seek his advice. He is especially close to Nikolai Petrakov, Gorbachev's top economic adviser, which gives Hewett an inside angle on the challenges facing the reformers in Moscow...

Author: /time Magazine | Title: From the Publisher: May 7 1990 | 5/7/1990 | See Source »

...what will cure it is the introduction of market mechanisms. But the Soviet people are not prepared for that sort of shock. True, a free market will put more goods on the shelves of the gastronom, or grocery store, but with state subsidies removed, prices will rise. As Nikolai Petrakov, Gorbachev's top economic adviser, told the Rabochaya Tribuna (Worker's Tribune) last week, "People accept rationing coupons and standing in line -- especially during work time -- but not price increases." And the housewife can now vote for a parliamentary representative able to stand up in the Congress of People...

Author: /time Magazine | Title: The Soviet Union: Hurry, Doctor! | 5/7/1990 | See Source »

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