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Unresolved issue of private property legitimacy in Russia

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Abstract

Private property exists in Russia for almost 25 years. However, the legitimacy of established property rights and the legitimacy of private property as an institution remain ambiguous. Despite the change of generations and the improvement of living standards, numerous opinion polls show that the majority of Russians refers negatively not only to the privatization of the 1990s and its results, but also to private property in general. Positive forecasts on the adaptation of people to new reality do not come true. The authors analyze the reasons and consequences of private property illegitimacy and compare alternative ways of its legitimating. The main conclusion is the uselessness of any discretionary state intervention in this long-lasting process, while the focus should be put on the mitigation of inequality and the enforcement of formal institutions without any exceptions or privileges.

Suggested Citation

  • L. Grigoryev & A. Kurdin., 2016. "Unresolved issue of private property legitimacy in Russia," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
  • Handle: RePEc:nos:voprec:2016-01-2
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    Cited by:

    1. Gurvich, Evsey, 2016. "Institutional constraints and economic development," Russian Journal of Economics, Elsevier, vol. 2(4), pages 349-374.
    2. Grigoryev, L., 2016. "Social Inequality in the World - the Interpretation of Not-Evident Tendencies," Journal of the New Economic Association, New Economic Association, vol. 31(3), pages 160-170.

    More about this item

    Keywords

    protection of property rights; private property; legitimacy.;
    All these keywords.

    JEL classification:

    • P14 - Economic Systems - - Capitalist Systems - - - Property Rights
    • P26 - Economic Systems - - Socialist Systems and Transition Economies - - - Political Economy

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