Markets versus hierarchies a political economy of Russia from the 10th century to 2008 1st Edition by Ekaterina Brancato ISBN 1847208118 9781847208118 by Ekaterina Brancato 1847208118 instant download after payment.

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ISBN 10: 1847208118 
ISBN 13: 9781847208118
Author:  Ekaterina Brancato

This unique book uses a transaction cost perspective to illustrate how hierarchies influenced the structure of markets and behaviour of individual businesses and cartels in pre-revolutionary, Soviet and present-day Russia.

Ekaterina Brancato exposes the devastating effects of self-interested decision-making of government officials on economic growth, and highlights the inefficiencies of the legal system in Russia. She demonstrates that throughout Russian history considerable state involvement in the economy has meant that some markets were highly regulated; for most of the 20th century, open markets were suppressed by the political regime, and entrepreneurial success has been dependent on networking. The general population, the author argues, has exhibited an inadequate propensity to self-govern. In addition, the laws of contract and private property, crucial for development of markets, have been ineffective. The book concludes that, consequently, the cost of market transactions has been high and the cost of social networking through hierarchies relatively low.

This book will strongly appeal to academics and students specializing in industrial organization, public choice, transition, entrepreneurship, social networks and cultural studies as well as Russian economic history and political economy. Business and management students focusing on transition economies will also find this book to be of particular interest.

Markets versus hierarchies a political economy of Russia from the 10th century to 2008 1st Table of contents:

Part I: Introduction

• 1. Markets versus Hierarchies
  • (This chapter likely introduces the core theoretical framework of the book, contrasting market coordination with hierarchical control and setting up the central argument regarding Russia.)
• 2. Theoretical Background
  • (Delves deeper into the economic theories informing the analysis, such as transaction cost economics, institutional economics, and public choice theory, providing the analytical tools for the historical study.)

Part II: The Pre-Revolutionary Period

• 3. The Dominant Role of the State in Governing Economic and Political Affairs
  • (Examines the early history of Russian state power, land ownership, serfdom, and how the state's central role shaped economic activity and limited market development from the 10th century up to 1917.)
• 4. Social Norms
  • (Explores the informal institutions and social norms that influenced economic behavior and the functioning of markets, or lack thereof, in pre-revolutionary Russia.)
• 5. Status of Merchants
  • (Focuses on the position and challenges faced by the merchant class, highlighting how state control and social structures often impeded their ability to operate effectively within true market frameworks.)

Part III: The Soviet Period: 1917–85

• 6. The Dominant Role of the Soviet State in Governing Economic and Political Affairs
  • (Analyzes the complete suppression of markets under Soviet central planning, the pervasive role of the Communist Party and state bureaucracy, and the resulting economic inefficiencies.)
• 7. Social Networks and Cultural Atavism
  • (Discusses how, despite the absence of formal markets, informal social networks and traditional cultural patterns emerged or persisted as alternative mechanisms for resource allocation and economic interaction within the hierarchical Soviet system.)

Part IV: Perestroika and the Post-Soviet Era

• 8. The Political Economy of the Russian State: Elite Networks
  • (Examines the transition period, focusing on how political elites and their informal networks influenced privatization, property rights, and the formation of new economic structures, often overshadowing formal market mechanisms.)
• 9. Social Networks and Economic Efficiency: Everyday Networks
  • (Looks at how informal networks continued to play a crucial role in daily economic life for ordinary citizens and businesses in the post-Soviet era, compensating for weak institutions and high transaction costs in formal markets.)
• 10. Networks and Post-Soviet Culture
  • (Explores the cultural aspects underpinning the continued reliance on networks and hierarchies, and how historical patterns of trust, informality, and state involvement shaped post-Soviet economic behavior.)

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Tags: Ekaterina Brancato, Markets, hierarchies