Essays On Unorthodox Economic Strategies

This book examines the failure of economic reform in Russia since 1991, when Boris Yeltsin proclaimed his commitment to economic stabilization, privatization, and price liberalization. Optimism over Russia¡¯s market reforms vanished with the crash of August 1998, when the ruble lost over 70 percent of its value and banks defaulted on their debts and forward currency contracts. Contrary to Yeltsin¡¯s reform promises, the Russian economy of the 1990s more closely resembled a Soviet model than a market-driven one. The Logic of Economic Reform in Russia illuminates the general problems of establishing market economies in settings where the institutional system to support the market has not had decades to develop. Suggesting that corruption may be associated with growth in the early stages of capitalism, Jerry F. Hough argues that the disappointing results of Yeltsin¡¯s reform efforts were not the product of Russian culture or history, but the logical consequences of rational men responding to the incentive system created by economic reform.

The record of each copyright registration listed in the Catalog includes a description of the work copyrighted and data relating to the copyright claim (the name of the copyright claimant as given in the application for registration, the copyright date, the copyright registration number, etc.).

Presents a series of articles by Austrian School economists. This volume covers a range of economic issues: equilibrium theory, free banking, public choice and the problems of contemporary social reform. It introduces the diversity of contemporary Austrian economics and covers recent research.

This book brings together fourteen articles and papers written by Albert O. Hirschman. About half deal with the interaction of economic development with politics and ideology, the area in which Hirschman perhaps has made most noted contributions. Among these papers are 'The Rise and Declines of Development Economics', a magisterial and yet pointed essay in intellectual history and his famous article 'The Changing Tolerance for Income Inequality in the Course of Economic Development'. Hirschman's ability to trespass - or rather his inability not to trespass - from one social science to another and beyond is the unifying characteristic of the volume. Authoritative, searching surveys alternate here with essays presenting some of Hirschman's characteristic inventions, for instance the 'tunnel effect' and 'obituary-improving activities'. Three of the papers have not been published previously and a number of introductory notes have been especially drafted for the present volume to evoke the intellectual-political climate in which certain groups of essays were written.