Incentives and Institutions: The Transition to a Market Economy in Russia
Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, lead...
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Format: | Elektronisch E-Book |
Sprache: | English |
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Princeton, NJ
Princeton University Press
[2022]
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Online-Zugang: | DE-1046 DE-1043 DE-858 DE-859 DE-860 DE-739 DE-473 URL des Erstveröffentlichers |
Zusammenfassung: | Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated |
Beschreibung: | Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jul 2022) |
Beschreibung: | 1 online resource (295 pages) 3 tables, 18 line illus |
ISBN: | 9780691225364 |
DOI: | 10.1515/9780691225364 |
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520 | |a Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. | ||
520 | |a Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. | ||
520 | |a Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated | ||
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spelling | Braguinsky, Serguey Verfasser aut Incentives and Institutions The Transition to a Market Economy in Russia Grigory Yavlinsky, Serguey Braguinsky Princeton, NJ Princeton University Press [2022] © 2000 1 online resource (295 pages) 3 tables, 18 line illus txt rdacontent c rdamedia cr rdacarrier Description based on online resource; title from PDF title page (publisher's Web site, viewed 29. Jul 2022) Here, for the first time, two of Russia's leading economists provide an authoritative analysis of the transition to a democratic market economy that has taken place in Russia since 1990. Serguey Braguinsky, a Russian economist with extensive international experience, and Grigory Yavlinsky, leader of the liberal "Yabloko" party and a major public figure in Russia, focus on the institutions that are critical to a successful transition and the economic incentives needed to make these institutions work. Finally, they discuss in detail the specific components of the economic processes that are necessary for economic transition in general and they draw lessons that can be applied to other nations dealing with similar transitions. In 1989, Grigory Yavlinsky became a member of the Commission for Economic Reform and wrote the groundbreaking "500 Day Plan," which outlined the first program of transition to a market economy. Two years later, he co-wrote the program of strategic cooperation between the Soviet government and the West (known as the "Grand Bargain"). Here he and Serguey Braguinsky examine what went wrong with the Russian plan--and what is needed to put the economy back on the road to becoming a fully functioning market economy. The first section of the book presents a new interpretation of the political economy of the socialist state and the incentives and institutions that underpin it, with an emphasis on the present Russian situation. The second part deals with the political economy of "spontaneous transition" and the inefficiencies inherent in economies that lack the organizations and institutions that inhere in established Western democratic economies. In the final section, the authors present a program of actions to put the economic transition in Russia back on track, based on their assessment of the actual current state of both the economy and the government. Their approach is unique in emphasizing organizational evolution at the microeconomic level instead of stressing macroeconomic issues such as money and inflation that are at the heart of most arguments. This is a thoughtful and thought-provoking book and one that will be widely discussed and debated In English BUSINESS & ECONOMICS / Development / Economic Development bisacsh Economic stabilization Russia (Federation) Privatization Russia (Federation) Yavlinsky, Grigory Sonstige oth https://doi.org/10.1515/9780691225364?locatt=mode:legacy Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Braguinsky, Serguey Incentives and Institutions The Transition to a Market Economy in Russia BUSINESS & ECONOMICS / Development / Economic Development bisacsh Economic stabilization Russia (Federation) Privatization Russia (Federation) |
title | Incentives and Institutions The Transition to a Market Economy in Russia |
title_auth | Incentives and Institutions The Transition to a Market Economy in Russia |
title_exact_search | Incentives and Institutions The Transition to a Market Economy in Russia |
title_exact_search_txtP | Incentives and Institutions The Transition to a Market Economy in Russia |
title_full | Incentives and Institutions The Transition to a Market Economy in Russia Grigory Yavlinsky, Serguey Braguinsky |
title_fullStr | Incentives and Institutions The Transition to a Market Economy in Russia Grigory Yavlinsky, Serguey Braguinsky |
title_full_unstemmed | Incentives and Institutions The Transition to a Market Economy in Russia Grigory Yavlinsky, Serguey Braguinsky |
title_short | Incentives and Institutions |
title_sort | incentives and institutions the transition to a market economy in russia |
title_sub | The Transition to a Market Economy in Russia |
topic | BUSINESS & ECONOMICS / Development / Economic Development bisacsh Economic stabilization Russia (Federation) Privatization Russia (Federation) |
topic_facet | BUSINESS & ECONOMICS / Development / Economic Development Economic stabilization Russia (Federation) Privatization Russia (Federation) |
url | https://doi.org/10.1515/9780691225364?locatt=mode:legacy |
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