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Russian Political Capitalism and its Environment

In: Varieties of Capitalism in Post-Communist Countries

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  • Philip Hanson
  • Elizabeth Teague

Abstract

There are two main arguments in this chapter. First, the indicators putting the Russian economy in the liberal market economy category mask an economic role for the state that is much greater than that in established market economies of any kind. We are not putting forward a normative argument, that Russia should become a liberal market economy. What we are saying is that the Varieties of Capitalism approach is not helpful in understanding systemic developments in Russia: it has been developed on the basis of a set of criteria that, when applied to Russia, produce a misleading picture. We believe Russia can be more easily understood as an example of Weberian political capitalism. This might change in time, and Russian economic institutions might eventually be classifiable in ways that fit established capitalist societies.

Suggested Citation

  • Philip Hanson & Elizabeth Teague, 2007. "Russian Political Capitalism and its Environment," Studies in Economic Transition, in: David Lane & Martin Myant (ed.), Varieties of Capitalism in Post-Communist Countries, chapter 7, pages 149-164, Palgrave Macmillan.
  • Handle: RePEc:pal:stuchp:978-0-230-62757-4_8
    DOI: 10.1057/9780230627574_8
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    Cited by:

    1. Candice C Howarth & Polyvios Polyviou, 2012. "Sustainable travel behaviour and the widespread impacts on the local economy," Local Economy, London South Bank University, vol. 27(7), pages 764-781, November.

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