Money Unmade

the long version

In this book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carryover from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation - a neglected but crucial aspect of capitalist state building. Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide.