This paper studies structural transformation of Soviet Russia in 1928-1940 from an agrarian to an industrial
economy through the lens of a two-sector neoclassical growth model. We construct a large dataset
that covers Soviet Russia during 1928-1940...
'Why, when the subject of royalty or monarchy is mentioned, do the British bid adieu to every vestige of proportion, modesty, humour and restraint? '
This is not a call for the monarchy's abolition by fiat; illusions cannot be abolished....