This book is concerned with Russia's economic transition from a predominantly feudal economy to a capitalist economy; from an economy based on private ownership, to one based exclusively on state ownership, and finally, from the latter back to private ownership and market-directed relations. These transitions have generated much thought not only in economics, but in history, political science and sociology. Current research in economic transition is commanding great interest; as it reviews methods and outcomes of privatization, along with a variety of problems in economic growth, industrial organization, public economics, international finance and monetary economics. "The author traces Russia's three major transformations between the early 1860s and 2000: the partial breakup of the feudal system under tsarism; the system of state ownership after 1917; and the basics of private ownership beginning in the early 1990s." Business Horizons "The book is a massive undertaking, covering almost two centuries. Spulber is attempting to look at the three major transitions of Russian economic history--the decision to `modernize' after the Crimean War, the Soviet industrialization drive and ensuing modernization of the Soviet Union, and the Russian transition after 1991. It is a monumental scholarly effort. No one else has tried such a project, so it will stand alone." Paul R. Gregory, University of Houston, Texas This book examines the three major transformations that the country underwent from the early 1860s to 2000.