Spufford's "Red Plenty" is an amazing work. I never thought I'd ever read a novel about economics, but this is a rare work. Other reviewers have already captured a lot of what the work is about, but as an historian what this book did was something that a history book would struggle to do and that is provide a sensation of expectation.
Often the historian is faced with teleological arguments and the dreaded threat of anachronism when assessing history. Received wisdom now tells us that Soviet Union was doomed to fail, this attitude dooms historians to wonder why there was a cold war at all, surely the West could have just waited and not have been as pro-active? This book undermines that notion, partly through shrewd judgement by picking a period in which the Soviet Union had the edge, the late 50s and early 60s - the book parachutes the reader into the era in which the Soviets beat the US to the punch with the ICBM and when the planned economy represented a real challenge to the free market. Spufford infuses us with the aspirations of his characters and does a marvellous job of suspending disbelief, leaving the reader thinking at the end that maybe the Soviet decline wasn't inevitable and could have been so different if some personalities hadn't intervened. In some respects this should be essential reading for any cold war student - it really breathes life into the topic.
As a work of literature it provides a compelling set of interlinking stories, paced correctly and very readable. For those of you worried about the economic content, this is very accessible and like a good fairy tale key pieces of information and explanations are transmitted to characters that need them explained, helping the reader understand if necessary.
I'd recommend this book to anyone wanting a really entertaining read, interested in history or economics or even those who simply enjoy intelligent prose.