By Vincent Barnett

The cave in of the Union of Soviet Socialist Republic on the finish of the 1980’s used to be conceived as a victory for capitalist democracy. right here, Vincent Barnett offers the 1st accomplished account of the historic improvement of Russian and Soviet fiscal suggestion around the 19th and 20th centuries, and considers its destiny within the twenty-first century. using an intensive diversity of historic assets, Barnett examines different strands of inspiration, together with classical, neoclassical, old, socialist, liberal and Marxian faculties. He strains their effect, and the influence their rules had on shaping rules. a good addition to the Routledge historical past of monetary idea sequence, this ebook covers pre-1870, Tsarist economics, the overdue Tsarist period, the influence of the war, Bolshevik economics, Stalinist economics, Russian economics after 1940. Incorporating an in depth timeline of the main major Russian economists paintings and interpreting the consequences of ancient discontinuities at the institutional constitution of Russian economics as a self-discipline, Barnett offers a necessary textual content for postgraduates and execs attracted to financial historical past and the evolution of Russian financial notion.

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Extra resources for A History of Russian Economic Thought (Routledge History of Economic Thought)

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Chuprov suggested that there were up to 700 credit and savings associations and around 500 rural banks in Russia, but invariably such institutions were isolated and suffered from capital deficiency. 29 From this presentation of a number of elements of Chuprov’s work it is possible to conclude that historical political economy was a major component of his work, perhaps even that he could be classified as a historical political economist, the leading representative of the Russian historical school in Moscow.

2 Prelude – the Russian economic mind before 1870 Throughout the nineteenth century, the social and political tensions exerting influence on Russian life were extremely varied and enduring. Some of these tensions related to opposing forces such as agrarian interests against industrial, town against country, nobility against industrialists, government bureaucracy against reformers, and democratic forces against conservatives. Set against such social tensions, it has been suggested by some that the propagation of Western economic doctrines in Russia through the nineteenth century occurred in various waves of rising and then falling influence, for example in relation to closely allied themes such as free trade against protectionism and classical economics against the historical school.

However the precise influence of Marx in Russia is again controversial, with a number of different interpretations of his importance being encountered. Marx himself was ambiguous about the future socialistic possibilities of the Russian situation, and hence competing currents claiming his guiding authority soon arose within Russian borders. An ‘economistic’ interpretation of Marx’s concept of the materialist conception of history, with Russia having to pass through strictly defined stages of evolution before capitalism was finally overcome, competed with a more ‘voluntaristic’ view of Marx’s account of historical development, which allowed that Russia might jump across or skip parts of the journey to the communistic future.

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