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Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared

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Author Info
Robert J. Shiller () (Cowles Foundation, Yale University)
Maxim Boycko (USSR Academy of Sciences)
Vladimir Korobov (USSR Academy of Sciences)

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Abstract

Random samples of the Moscow and New York populations were compared in their attitudes towards free markets by administering identical telephone interviews in the two countries in May, 1990. Although the Soviet respondents were somewhat less likely to accept exchange of money as a solution to personal problems, and their attitudes towards business were less warm, we found that the Soviet and American respondents were basically similar in most dimensions. Soviets showed no difference from Americans in their feelings that price increases may be unfair. There appears to be little difference between the Soviets and Americans in their concern with income inequality, in their belief in the importance of providing material incentives for hard work, and in their understanding of the workings of markets.

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Publisher Info
Paper provided by Cowles Foundation, Yale University in its series Cowles Foundation Discussion Papers with number 952.

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Length: 72 pages
Date of creation: Aug 1990
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Publication status: Published in American Economic Review (June 1991), 81(3): 385-400
Handle: RePEc:cwl:cwldpp:952

Note: CFP 787.
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Related research
Keywords: Market prices; market clearing; rents; behavior; fairness; income distribution; inheritance; wealth; rich; speculation; profiteering; savings; government interference; incentives; envy; perestroika; public; perceptions; attitudes; survey; poll; USA; USSR; communism; socialism; capitalism; national character; values;

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  1. Felix Oberholzer-Gee, 2003. "A Market for Time: Fairness and Efficiency in Waiting Lines," CREMA Working Paper Series 2003-04, Center for Research in Economics, Management and the Arts (CREMA). [Downloadable!]
  2. Bernd Hayo, 2000. "Micro and Macro Determinants of Public Support for Market Reforms in Eastern Europe," Development and Comp Systems 0004002, EconWPA. [Downloadable!]
  3. Migheli Matteo, 2009. "Supporting the free and competitive market in China and India: differences and evolution over time," Department of Economics Working Papers 200904, University of Turin. [Downloadable!]
  4. Svetlana Andrianova, 2006. "On Corruption and Institutions in Decentralized Eco," Discussion Papers in Economics 06/12, Department of Economics, University of Leicester. [Downloadable!]
  5. Alberto Alesina & Nichola Fuchs Schuendeln, 2005. "Good bye Lenin (or not?): The Effect of Communism on People's Preferences," NBER Working Papers 11700, National Bureau of Economic Research, Inc. [Downloadable!] (restricted)
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  6. Pertti Haaparanta & Tuuli Juurikkala & Olga Lazareva & Jukka Pirttila & Laura Solanko & Ekaterina Zhuravskaya, 2003. "Firms And Public Service Provision In Russia," Working Papers w0041, Center for Economic and Financial Research (CEFIR). [Downloadable!]
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  7. Bruno S. Frey & Matthias Benz, . "Being Independent is a Great Thing: Subjective Evaluations of Self-Employment and Hierarchy," IEW - Working Papers iewwp135, Institute for Empirical Research in Economics - IEW. [Downloadable!]
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  8. Chong, Alberto & Gradstein, Mark, 2006. "Imposed Institutions and Preferences for Redistribution," CEPR Discussion Papers 5922, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
  9. Bryan Caplan, 2002. "Systematically Biased Beliefs About Economics: Robust Evidence of Judgemental Anomalies from the Survey of Americans and Economists on the Economy," Economic Journal, Royal Economic Society, vol. 112(479), pages 433-458, April. [Downloadable!] (restricted)
  10. John S. Earle & Zuzana Sakova, 1999. "Entrepreneurship from Scratch: Lessons on the Entry Decision into Self-Employment from Transition Economies," IZA Discussion Papers 79, Institute for the Study of Labor (IZA). [Downloadable!]
  11. Svetlana Andrianova, 2007. "On Corruption and Institutions in Decentralized Economies," Topics in Theoretical Economics, Berkeley Electronic Press, vol. 7(1), pages 1353-1353. [Downloadable!] (restricted)
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  12. James Konow, 2000. "Fair Shares: Accountability and Cognitive Dissonance in Allocation Decisions," American Economic Review, American Economic Association, vol. 90(4), pages 1072-1091, September. [Downloadable!] (restricted)
  13. Alberto Chong & Mark Gradstein, 2006. "Redistributional Preferences and Imposed Institutions," RES Working Papers 4482, Inter-American Development Bank, Research Department. [Downloadable!]
  14. Jean-Luc Schneider, 1998. "Transition et stabilité politique d'un système redistributif," Annales d'Economie et de Statistique, ADRES, issue 52, pages 09, Octobre-D. [Downloadable!]
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