When Ideas Fail (eBook, PDF)

Economic Thought, the Failure of Transition and the Rise of Institutional Instability in Post-Soviet Russia

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In the history of Russian economic ideas, a peculiar mix of anthropocentrism and holism provided fertile breeding ground for patterns of thought that were in potential conflict with the market. These patterns, did not render the emergence of capitalism in Russia impossible. But they entailed a deep intellectual division between adherents and opponents of Russia's capitalist transformation that made Russia's social evolution unstable and vulnerable to external shocks.This study offers an ideational explanation of Russia's relative failure to establish a functioning market economy and thus sets ...

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