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The Futility of the Neoliberal Policy of Deliberate Market Construction and the Promise of an Institutionalist Alternative: The Case of Russia's Authoritarian Transition

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  • Anna Klimina

Abstract

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 from above. The paper contrasts existing viewpoints on deliberate market construction, constructivist neoliberalism and institutionalism, and elucidates why the policies of constructivist neoliberalism will not lead to democratic change in Russia. Therefore this paper argues for an institutionalist plan of democratic market construction based on ownership empowerment and discusses policy strategies for its implementation.

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  • Anna Klimina, 2011. "The Futility of the Neoliberal Policy of Deliberate Market Construction and the Promise of an Institutionalist Alternative: The Case of Russia's Authoritarian Transition," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(2), pages 411-420.
  • Handle: RePEc:mes:jeciss:v:45:y:2011:i:2:p:411-420
    DOI: 10.2753/JEI0021-3624450218
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    Cited by:

    1. Kohler, Pierre, 2014. "Asset-Centred Redistributive Policies for Sustainable Development," MPRA Paper 55357, University Library of Munich, Germany.
    2. Liudmila Malyshava, 2018. "External Instability in Transition: Applying Minsky's Theory of Financial Fragility to International Markets," Economics Working Paper Archive wp_909, Levy Economics Institute.
    3. Anna Klimina, 2013. "Placing the Analysis of Contemporary State Capitalism within an Evolutionary Discourse," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 545-554.

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