Adam Smith Goes to Moscow is a captivating dialogue between the head of a hypothetical, formerly socialist East European country and a fervently market-minded American adviser. Their spirited give-and-take highlights the monumental political as well as economic complexities currently faced by the former Soviet bloc countries as they struggle to transform themselves into free market economies.

Walter Adams, Past President of Michigan State University, is now Vernon F. Taylor Distinguished Professor of Economics at Trinity University (Texas), and James W. Brock is Moeckel Professor of Business at Miami University in Oxford, Ohio.