Ivan Berend uses a vast range of sources, as well as his own personal experience, to analyze the fortunes of the postwar socialist regimes in Eastern Europe. His comparative approach stretches beyond the confines of economic history to produce a work of political economy, encompassing the cultural and personal forces that have influenced the development of the Eastern Bloc countries over the past fifty years. The book is distinguished by its unique combination of time, region and topic, and is a major contribution to the economic history of the twentieth century.