Tag Archives: Russia

Fiscal embeddedness: taxation policy as an institutional tool of state-building

Bearing in mind Joseph Schumpeter’s assertion that “the public finance is one of the best starting points for an investigation of society, especially, though not exclusively, of its political life”, I find that a multidisciplinary study of the sources, practices and … Continue reading

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Why did the transition from socialism to capitalism result in economic growth in some countries and decline in others? It is about mass privatization

In general, scholars have advanced three main arguments to explain why did the transition from socialism to capitalism result in improved growth in some countries and significant economic decline in others: (1) successful countries rapidly implemented neoliberal policies; (2) failures … Continue reading

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Financial Centres and International Capital Flows in the 19th and 20th Centuries

As interest in financial markets intensifies, stimulated by the financial crisis of the early 21st century, Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries, a new volume edited by Laure Quennouëlle-Corre and Youssef Cassis, brings together leading authorities in … Continue reading

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Networks in the Russian Economy

How does Russian economy function on a grassroots level? In addition to market mechanisms, what kinds of social and moral principles are at work in the new Russian economy? Is the ‘Soviet legacy’ still present in post-Soviet business practices? Networks … Continue reading

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