Russian Path Dependence: A People with a Troubled History

1st Edition

Stefan Hedlund

Routledge
Published September 13, 2012
Reference - 398 Pages
ISBN 9780415651592 - CAT# Y143790
Series: Routledge Studies in the European Economy

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Summary

Russia's transition to a market economy has been tortuous to say the least. However, this book argues that the arguments and counter-arguments that pitch shock therapy against gradualism are wide of the mark and quite pointless.
Indeed, the reasons for the warped outcomes can actually be traced back through the long sweep of Russian history. Decisions made in the distant past can fully influence policy- making in the present. Hedlund's thesis can, like this, be seen as influenced by the 'path dependency' theories of Paul David among others.

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