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Abstract
One of General Secretary Gorbachev's key economic advisors outlines the basic components of a new “model” of economic management in the USSR (e.g., new forms of private and cooperative activity, increased flexibility in production, relationships in state enterprises, election of directors), to be in place by the early 1990s. Also presented is the rationale for the current timetable of the reform. American participants in the first joint Soviet Economy roundtable then discuss with the Academician the role of collectives and local Party officials in the new system of management. Journal of Economic Literature, Classification Numbers: 027, 052, 124.