Economics in Russia (Modern Economic and Social History) by Vincent Barnett

By Vincent Barnett

The background of Russian financial concept principally is still a gray region within the foreign literature, with a scarcity of accomplished experiences not just within the West, but in addition in Russia itself. while over the past 15 years expanding quantities of labor has been performed at the topic, co-operation among Russian and Western researchers during this box leaves a lot to be wanted. as a way to enhance this example, this quantity brings Russian and non-Russian researchers jointly to supply an outline of the present country of the subject and to offer a stimulus for additional study. Bringing jointly students from the united kingdom, Germany, Japan, Australia, Finland and Russia, the gathering places ahead differing, but complimentary, views at the long term heritage of Russian monetary ideas.Offering a large choice of articles protecting the interval from the 17th to the 20th centuries, authors have approached the topic from various theoretical angles. Contributions within the culture of Blaug and Schumpeter focussing on fiscal research in a narrower experience, and contributions that - in response to authors like Pribram or Perlman/McCann - take care of financial suggestion within the context of historical past and tradition, are all represented. by way of content material, the editors have inspired ways that signify assorted financial traditions with the intention to inspire a range of evaluations at the nationwide culture of Russian economics. As such this quantity not just deals the main up to date and accomplished review of the topic, it additionally deals interesting tests of the potential way forward for Russian monetary idea within the twenty-first century.

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These two positions developed along different paths in later Russian history. The disposition towards outward decoration and wealth, the establishment of social aid and social credit, found its reflection in the organization of the rich communities of the Old Believers. To some extent, the idea of personal non-possession, combined with the increasing power of a redistributing centre, found continuity in Soviet times. The spirit of the Non-Possessors, who used stronger and more independent theological argumentation and were noted for their more profound erudition, was preserved in a critical attitude towards the secular authorities and towards financial relations, and in the selfless pursuit of justice.

According to Pavel Milyukov: ‘most of the opinions he [Pososhkov] stated were an echo of what was by and large said around him’ (Quoted after Pavlov-Silvansky 1897, 3). In particular, the entire system of state administration and the legal system, the officials’ disregard for the law, and corruption among public servants was subject to severe criticism. Pososhkov was thus one of the first to pay attention to ‘the still emerging but already extremely serious problem of the bureaucracy’ (Gainutdinov 2003, 27).

This practical advice placed Krizhanich closer to the supporters of the metallic concept rather than with the nominalists. On the whole, the views of Krizhanich concerning the nature and value of money lacked detailed theoretical backing. Directly related to the issue of the value of money was the issue of the debasement of the coinage. Krizhanich, the author of Politics, believed that a correct financial order, identified by the use of good-quality money that ultimately encouraged trade, was most important for a state (Krizhanich [c.

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