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Economic Ideas and Institutional Change: Evidence from Soviet Economic Discourse 1987-1991

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  • Zweynert, Joachim

Abstract

In recent years, institutional and evolutionary economists have become increasingly aware that ideas play an important role in economic development. In the current literature, the problem is usually elaborated upon in purely theoretical terms. In the present paper it is argued that ideas are always also shaped by historical and cultural factors. Due to this historical and cultural specificity theoretical research must be supplemented by historical case studies. The paper analyses the shift in ideas that took place in Soviet economic thought between 1987 and 1991. This case study, it is argued, may contribute to our understanding of the links between ideas and institutions. More specifically, it sheds new light on the issue of whether the evolution of economic ideas is pathdependent, so that they change only incrementally, or whether their development takes place in a discontinuous way that can best be compared with revolutions.

Suggested Citation

  • Zweynert, Joachim, 2005. "Economic Ideas and Institutional Change: Evidence from Soviet Economic Discourse 1987-1991," Discussion Paper Series 26276, Hamburg Institute of International Economics.
    • Handle: RePEc:ags:hwwadp:26276
    DOI: 10.22004/ag.econ.26276
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    References listed on IDEAS

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    1. Thorstein Veblen, 1899. "Mr. Cummings's Strictures on "The Theory of the Leisure Class"," Journal of Political Economy, University of Chicago Press, vol. 8(1), pages 106-106.
    2. Sutela,Pekka, 1991. "Economic Thought and Economic Reform in the Soviet Union," Cambridge Books, Cambridge University Press, number 9780521389020, November.
    3. Sutela,Pekka, 1991. "Economic Thought and Economic Reform in the Soviet Union," Cambridge Books, Cambridge University Press, number 9780521380201, November.
    4. Arthur T. Denzau & Douglass C. North, 1994. "Shared Mental Models: Ideologies and Institutions," Kyklos, Wiley Blackwell, vol. 47(1), pages 3-31, February.
    5. Neil Robinson, 1995. "Ideology And The Collapse Of The Soviet System," Books, Edward Elgar Publishing, number 375.
    6. Veblen, Thorstein, 1899. "The Theory of the Leisure Class," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, number veblen1899.
    7. Stefano Fiori, 2002. "Alternative Visions of Change in Douglass North’s New Institutionalism," Journal of Economic Issues, Taylor & Francis Journals, vol. 36(4), pages 1025-1043, December.
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