The break-up of the Soviet Union in 1991, following closely on the adoptionofmarket-orientedreformsinEastern Europe, createdanew specialty within economics. The economicsoftransitionencompassesphenomenaand problems fromboth microeconomicsandmacroeconomics, aseconomistsfrom all disciplines have labored to understand the economic forces at work in the movement fromplanning tomarket in these countries. Muchhas been learned in the subsequent decade, but...