Anders Aslund, a renowned economist with extensive experience in post-Soviet economic reforms, examines the complex and often tumultuous economic transformation of Russia following the collapse of the Soviet Union. Drawing on his direct involvement and deep analysis of the period, Aslund presents a framework for understanding the challenges and successes of Russia's transition to a market economy. The book details the policy choices made, the institutional changes implemented, and the resulting socio-economic outcomes.

Anders Aslund's work on Russia's economic transformation is widely regarded as a foundational text for understanding the post-Soviet economic landscape. Experts often cite his detailed analysis of privatization and market reforms as particularly insightful. The book is frequently referenced in academic circles for its comprehensive scope and the author's unique perspective as both an observer and participant in these historic changes. It provides a critical yet balanced account of the challenges and achievements of Russia's transition.