The paper questions the appropriateness of using an “institutionalist†label regarding the analysis of Michail Tugan-Baranovsky's (1865-1919) theoretical legacy. It is argued that Tugan-Baranovsky''s views cannot be considered either the Russian type of Institutionalism or the national...

The paper contrasts viewpoints of neoclassical and traditional institutionalism on the prospects of state capture. It argues that state capture is a profit-seeking capital investment activity, which is determined by a historically prevailing and continuously evolving institutional environment,...

Using the practice and culture of Russian economics as a case study, this paper asserts that in autocratic society with its anti-proprietary and lawless historical matrix the implementation of a liberal plan may eventually lead to reoccurrence and subsequent growth of autocratic principles,...

This paper defines constructivist liberalism as based on the belief that disadvantageous initial conditions for a natural commencing of an unfettered market order can be overcome through new institutional arrangements, initiated and nurtured by the highest political authority, usually the state....

The paper questions the appropriateness of using an “institutionalist” label regarding the analysis of Michail Tugan-Baranovsky's (1865-1919) theoretical legacy. It is argued that Tugan-Baranovsky''s views cannot be considered either the Russian type of Institutionalism or the national...

This study conceptualizes the authoritarian and elitist state that emerged in Russia by the mid-2000s as a particularly Russian type of neoliberal state and explains why at present in Russia, economic and political democratization cannot commence as a movement from below, but must be instituted...

Using Russia's state capitalist economy as an illustration, this paper discusses possible roles that the emergent regime of state capitalism could play in shaping societal evolution along more democratic and equitable lines. The study discusses major currents within the modern discourse of...

This paper defines historical backwardness in transition, examines its impact on diversely created market structures in non-Baltic states of the Former Soviet Union, and offers a refined taxonomy of their differing transition experiences. The study argues that in contrast to the neoliberal...