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Markets Versus Hierarchies

A Political Economy of Russia from the 10th Century to 2008

Markets Versus Hierarchies by E. Brancato
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Ekaterina Brancato illustrates from a transaction cost perspective how hierarchies influenced the structure of markets and behaviour of individual businesses and cartels in pre-revolutionary, Soviet and present-day Russia. She exposes the devastating effects of self-interested decision making of the government officials on economic growth, and highlights the inefficiencies of the legal system in Russia. Rent-seeking under autocratic and pseudo-democratic conditions is also explored.
Edward Elgar Publishing; June 2009
249 pages; ISBN 9781848447257
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Title: Markets Versus Hierarchies
Author: E. Brancato
 
ISBNs
1848447256
9781847208118
9781848447257