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[This week marks the one-year anniversary of the death of Yuri Maltsev. Dr. Maltsev had been an economist in the Soviet Union under Gorbachev, and defected to the United States in 1989. This article is an adaptation of a lecture written by Dr.
An engineer and entrepreneur named Eric Siegfried caught public officials in almost unimaginable levels of incompetence. Who could lose track of 15 million acres of land?!
The Soviet government, in accordance with the principles of state socialism, owned and controlled all industry in the country. The economy was managed by Gosplan, a central planning agency that set levels of production, wages, and prices. For Soviet ideologues, Gosplan would replace the free market, maximizing efficiency in production and allowing for the more equitable distribution of goods and services. To accomplish this task, Gosplan utilized a system of material balances.
Americans typically are told that private enterprise wastes resources while government preserves them
I first became aware of the Property and Environment Research Center (PERC) after moving to Montana and was immediately intrigued by their work. The more I dug into PERC’s research, the more I realized they aligned with my worldview of free market conservation.