"What was the revolution of the 1990s for Russia?" writes Yegor Gaidar. "Was it a hard but salutary road toward the creation of a workable democracy with workable markets, a way for Russia to develop and survive in the twenty-first century? Or was it the prologue to another closed, stultified regime marching to the music of old myths and anthems?"

Few are as well-equipped to consider this matter as Gaidar, noted Russian economist and prime minister during Boris Yeltsin's early years as post-Soviet Russia's leader. He is also a student of the socioeconomic history of his country,...

Yegor Gaidar, the first post-Soviet prime minister of Russia and one of the principal architects of its historic transformation to a market economy, here presents his lively account of governing in the tumultuous early 1990s. Though still in his forties, Gaidar has already played a pivotal role in contemporary Russian political history, championing the cause of dramatic economic reform, aggressive privatization of state enterprises, and painful fiscal discipline in the face of widespread popular resistance.

Gaidar's youthfulness, energy, and daring are symbolic of a new phenomenon in...

Yegor Gaidar, the first post-Soviet prime minister of Russia and one of the principal architects of its historic transformation to a market economy, here presents his lively account of governing in the tumultuous early 1990s. Though still in his forties, Gaidar has already played a pivotal role in contemporary Russian political history, championing the cause of dramatic economic reform, aggressive privatization of state enterprises, and painful fiscal discipline in the face of widespread popular resistance.

Gaidar's youthfulness, energy, and daring are symbolic of a new phenomenon in...