Russian Culture, Property Rights, and the Market Economy.by Procaccia HB<|

Russian Culture, Property Rights, and the Market EconomyAuthor(s): Uriel Procaccia\nFormat: Hardback\nPublisher: Cambridge University Press, United Kingdom\nImprint: Cambridge University Press\nISBN-13: 9780521835060, 978-0521835060\nSynopsis\nThe Russian Federation is struggling, since Perestroika and the Glasnost, in a futile attempt to become a 'normal' member in the occidental family of market economies. The attempt largely fails because corporations do not live up to Western standards of behaviour, and private contracts are often not respected. What is the cause of Russia's observed difficulties? It is commonly believed that these difficulties are an expected outcome of a rocky transition from a Marxist, centrally planned system, to a market-based economy. This 2007 book challenges the accepted wisdom. In tracing the history of contract and the corporation in the West, it shows that the cultural infrastructure that gave rise to these patterns of economic behaviour have never tak.