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The economist's burden

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To work on this part of the world is to encounter at every turn Åslund’s forceful, categorical, and often angry pronouncements, apparently rooted in an unshakeable conviction that he always knows both who to blame and what to do. Born in 1952, Åslund studied economics at Oxford and then joined the Swedish foreign service, spending three years in perestroika-era Moscow. Abandoning diplomacy for economics, in 1989 he published Gorbachev’s Struggle for Economic Reform, a detailed account of factional duelling over policy within the Politburo. From 1991 until 1994, Åslund was part of the team of Western economists, led by Jeffrey Sachs, that advised Russia’s government on macroeconomics. Funded by the Ford Foundation and the Swedish government, the Sachs team aggressively advocated shock therapy, backing free-market liberals in the Yeltsin administration such as Yegor Gaidar and the late Boris Fyodorov. When both left the government in early 1994, Sachs and Åslund resigned their posts.

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