Scholar Who Predicted the Economic Collapse of the Soviet Union Dies at 92

Economist and scholar Charles Wolf Jr. has died at the age of 92. The RAND Corporation, Wolf’s home for more than 60 years, has released a statement.

“Charlie Wolf was a significant figure at RAND for much of its history,” said Michael D. Rich, president and chief executive officer of the RAND Corporation. “As a leader of our Economics Department and founding dean of our graduate school, he helped shape generations of economists, statisticians and policy analysts. And his personal research made impressive scholarly contributions to several fields at critical junctures in time.”

Among Wolf’s accomplishments was a 1983 report entitled “The Costs of the Soviet Empire,” which examined the economic burdens borne by the Soviet Union in the preceding decade and predicted the collapse of the USSR years before it happened.

Wolf was also a contributor to THE WEEKLY STANDARD. His most recent article, a review of Bourgeois Equality by Deirdre Nansen McCloskey, ran in the October 10 issue. Read an excerpt below:

A casual glance at Bourgeois Equality could convey a mistaken impression that the book is for coffee-table display, for show rather than serious perusal. The volume is large (three pounds, 768 pages) and its dust jacket features a colorful painting by the 16th-century Flemish artist Joachim Beuckelaer—all familiar characteristics of coffee-table fare. In fact, however, Bourgeois Equality is a serious work that encompasses two serious books within it: The title is a tongue-in-cheek counter to the profusion of current rhetoric about inequality. McCloskey advances, instead, the proposition that bourgeois commerce has often more effectively nurtured equality—think of start-ups, family businesses, mom-and-pop groceries, home-based ventures—than have repetitive exhortations about the evils of inequality.

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