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Barter in Russia

Listed author(s):
  • V. Makarov
  • G. Kleiner
Registered author(s):

    The phenomenon of barter as the principal form for making domestic transactions in industry sharply distinguishes Russia from other countries with transitional economies. In recent years, barter in our economy has clearly demonstrated its stability, viability, and scope. There are a significant number of publications by both domestic and foreign authors that are devoted to the theoretical interpretation of this phenomenon, its origins and consequences, and methods of overcoming it.>sup>1>/sup> Approaches to the explanation of barter are influenced by virtually all the principal areas of contemporary economic theoryâneoclassical macroeconomics, which relegates the main role in the appearance of barter to the factors of inflation, monetization, and interest rate levels; neoclassical microeconomics, which considers the quantitative aspects of barter exchange from the standpoint of the principles of maximizing profits through the selection of the price and volume-product mix policies of enterprises in the barter and monetary markets; neoinstitutional approaches, which focus attention on the contract and informal aspects of the realization of barter; evolutionary approaches, which consider barter as a form of vital activity of the population of enterprises forced to adapt to changing conditions (the demonetization of the country under this approach could be likened to a drastic reduction in one of the resources in the environment essential to the life of organisms in the given population). Statistical research on barter and other nonpayment versions of transactions is also reflected in the literature.>sup>2>/sup> The fundamentals of mathematical modeling of barter situations had already been propounded in works of the 1970s and 1980s.>sup>3>/sup> Essentially, in the context of economic science on transformation processes, a certain direction took shape, which could be called "barterology." In view of this, it is difficult to agree with P. Karpov that "a science of commodity exchange operations does not exist.">sup>4>/sup>

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    Article provided by M.E. Sharpe, Inc. in its journal Problems of Economic Transition.

    Volume (Year): 42 (2000)
    Issue (Month): 11 (March)
    Pages: 51-79

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    Handle: RePEc:mes:prectr:v:42:y:2000:i:11:p:51-79
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