(b. Pushkin, Leningrad region, 24 Aug. 1934; d. Moscow, 4 March 1997)
Russian; member, Presidential Council 1990–1 Shatalin was an economist working in the State Committee of Science and Technology (GKNT) and at Moscow University. He was a member of the Soviet Academy of Sciences. After Gorbachev came to power in 1985 he became the Soviet Union's most prominent radical economist, outspokenly advocating the establishment of a market economy. In 1989 he replaced Abel Aganbegyan as head of the economics division of the Academy of Sciences. In March 1990 he became a member of Gorbachev's Presidential Council upon its foundation. The powers of the council were imprecisely defined. As the Soviet Union's economic crisis worsened, Gorbachev and Yeltsin united in an effort to produce a radical reform plan as soon as possible. In the summer of 1990 they appointed Shatalin as head of a team of radical economists who drew up a ‘500-Day Programme’ for the transition to a market economy, which was also known as the ‘Shatalin Plan’. However, the Soviet government refused to support the plan largely because it involved the devolution of economic power to the republics and it was abandoned. In summer 1991 Shatalin was a founder-member of the Movement for Democratic Reform.