ABSTRACT
Glasnost' in the Soviet Union has played a crucial role not just in exposing but also in bringing official acknowledgment of serious institutional defects in the Soviet economy. The continued existence of a whole variety of manifesta tions of the command-type economic mechanism has been called into question. Among the institutions that are undergoing fundamental rethinking are the state foreign-trade monopoly, the collective-farm system, and the practice of centralized price setting—to mention but a few.
