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The Russian Crisis

Perils and Prospects for Post-Soviet Transition

Bibliographic Data

ID2810445
AuthorsPeter J Boettke (0000-0003-4868-8898, George Mason University, corresponding author)
Year1999
Volume58
Issue3
Pages371-384
Publication date1999-07-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueAmerican Journal of Economics and Sociology (JOURNAL)
Journal identifiersISSN: 0002-9246 • E-ISSN: 1536-7150
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1536-7150.1999.tb03292.x
OpenAlexW3123198754
LanguageEN
Citations received4
References cited10

Since 1992, the rhetoric of Russian economic reformers has been one of full-speed ahead to a free-market economy. The reality, however, has diverged significantly from this rhetoric at both a broad "rules of the game" level and specific "policy within rules" level. The resulting ambiguity of the economic environment and the lingering effects of the previous system which is supposed to be reformed has led to a continued deterioration of the Russian economy. This paper offers a modified defense of "shock therapy" as a path to a cure for Russia's economic malaise, as opposed to the cure itself

Ambiguity · Economic policy · Economic system · Economics · Economy · Malaise · Market economy · Political economy · Political science · Politics · Rhetoric · Russian economy · Shock (circulatory) · Shock therapy · Law · Philosophy · Post-Communist Economic and Political Transition · Russia and Soviet political economy

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Unique citing works4
Citations per year0,12
Citation span1992 - 2008 (17)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 4

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