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Economic discussions of 1990s concerning the Russian economic reforms

TERRA ECONOMICUS, , Vol. 12 (no. 2),
p. 42-71

The main trends of Russian economic thought in 1990s are analyzed. Left-wing streams of economic thought characterized the dimensions of economic recession and its long-term effects, including decline in living standards, relatively objectively. Their constructive program was less justified and controversial. Radical market proponents were compelled, in the face of the economic crisis and widespread popular discontent, to correct their original program, allowing greater state intervention in the economy and sphere of social protection. Moderate market proponents evaluated the results of the reforms even more critically, standing more strongly, than radical market proponents did, for economic regulation and social protection. Democratic proponents of the market, who viewed the reforms mainly with relation to the authorities’ indifference to the interests of most of the population, were inclined to a mixed economy semi-socialist model similar to the New Economic Policy (NEP) course. Other highly original economic ideas of the period under discussion are analyzed (by V. Belkin, М. Bernstam, А. Zinoviev).


Keywords: economic discussions of the 1990s in Russia; left-wing streams of economic thought of the 1990s; radical streams of economic thought of the 1990s; moderately radical streams of economic thought of the 1990s; democratic proponents of market reforms of the 1990s; proposals of streams of economic thought of the 1990s concerning changes in economic policy; strengths and weaknesses of streams of economic thought of the 1990s; Yuri Burtin; Viktor Belkin; Mikhail Bernstam; Alexander Zinoviev

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606