Leonid Abalkin

Leonid Abalkin

Leonid Ivanovich Abalkin (Russian: Леони́д Ива́нович Аба́лкин; 5 May 1930 – 2 May 2011) was a Russian economist. He was born in Moscow and became director of the Institute of Economics of the USSR Academy of Sciences in 1986. A member of the Supreme Soviet of the USSR with special responsibility for economic affairs. He later worked as an advisor to Presidents Mikhail Gorbachev and Boris Yeltsin, and was the second-in-command of Premier Nikolai Ryzhkov's government. Under Gorbachev he was one of the major advocates of rapid economic reform, with the consultancy of the Italian economist Giancarlo Pallavicini, and in 1998 became a member of the Economic Crisis Group. Most of his published writings concern the theoretical problems of political economy under socialism.

Abalkin was president of the International N. D. Kondratiev Foundation.

Upon hearing of his death, Russian President Dmitry Medvedev stated:

“Mr Abalkin was one of the figures at the origins of Russia’s transformation to a market economy and did much to establish new economic mechanisms. A scholar known all around the world, Academician Abalkin had deserved influence in the Russian and international academic communities.”