By Vincent Barnett

The cave in of the Union of Soviet Socialist Republic on the finish of the 1980’s used to be conceived as a victory for capitalist democracy. right here, Vincent Barnett presents the 1st entire account of the ancient improvement of Russian and Soviet financial notion around the 19th and 20th centuries, and considers its destiny within the twenty-first century. using an intensive variety of old resources, Barnett examines the several strands of concept, together with classical, neoclassical, historic, socialist, liberal and Marxian faculties. He lines their impression, and the impression their rules had on shaping rules. an outstanding addition to the Routledge heritage of financial concept sequence, this publication covers pre-1870, Tsarist economics, the overdue Tsarist period, the effect of the war, Bolshevik economics, Stalinist economics, Russian economics after 1940. Incorporating an in depth timeline of the main major Russian economists paintings and examining the results of ancient discontinuities at the institutional constitution of Russian economics as a self-discipline, Barnett provides a necessary textual content for postgraduates and pros attracted to monetary background and the evolution of Russian financial suggestion.

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Extra resources for A History of Russian Economic Thought (Routledge History of Economic Thought)

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Cannot yield rent. But as soon as demand exceeds the amount of produce that the best land can supply . . B. Say. e. the total value of all products made was equal to their cost of production, Storch wrote in criticism: imagine a family which through its own labour is self-sufficing in all its needs, such as there are so many examples of in Russia . . is the revenue of such family equal to the gross product coming from its land, its capital and its industry? Can it live in its barns or its stables, eat its seed and forage, clothe itself with its labouring cattle, amuse itself with its agricultural implements?

4 This ban was probably short-lived and less than vigorously enforced, but it suggests that some uneasiness about Smith’s ideas existed in Russia even before 1917. I. Yakovenko’s Adam Smith: His Life and Scientific Activity published in St Petersburg in 1894. In general, The Wealth of Nations was reasonably well disseminated in Russia throughout the nineteenth century – a final one-volume edition being issued in 1895 – although opinion about its ultimate validity was split along predictable political lines.

So long as the produce of the most fertile land is sufficient to satisfy demand, the less fertile lands . . cannot yield rent. But as soon as demand exceeds the amount of produce that the best land can supply . . B. Say. e. the total value of all products made was equal to their cost of production, Storch wrote in criticism: imagine a family which through its own labour is self-sufficing in all its needs, such as there are so many examples of in Russia . . is the revenue of such family equal to the gross product coming from its land, its capital and its industry?

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