Research Catalog

Russia's virtual economy

Title
Russia's virtual economy / Clifford G. Gaddy, Barry W. Ickes.
Author
Gaddy, Clifford G.
Publication
Washington, D.C. : Brookings Institution Press, [2002], ©2002.

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TextRequest in advance HC340.12 .G33 2002Off-site

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Additional Authors
Ickes, Barry William.
Description
xiii, 306 pages : illustrations; 24 cm
Summary
  • "Clifford G. Caddy and Barry W. Ickes examine how the Russian economy has evolved into a mutant form that combines elements of the market with institutions and behaviors that have a distinct, nonmarket character.".
  • "Gaddy and Ickes put special focus on Russia's "virtual economy." Rooted in Russia's vast sector of hopelessly noncompetitive industrial enterprises and their struggle to survive in the hostile market environment, this mutant system in characterized by a set of informal institutions that permits the production and exchange of goods that are worth less than the value of the inputs used to produce them.
  • Buyers and sellers collude to hide the fictitious nature of the pricing through the use of barter and other forms of nonmonetary exchange. Those who try to play by the normal market rules are penalized relative to those who play by the virtual economy's rules."--BOOK JACKET.
Subject
  • Structural adjustment (Economic policy) > Russia (Federation)
  • Russia (Federation) > Economic policy > 1991-
  • Russia (Federation) > Economic conditions > 1991-
Bibliography (note)
  • Includes bibliographical references (p. 281-288) and indexes.
Contents
Ch. 1. Introduction -- Ch. 2. Illusion versus Reality -- Ch. 3. Roots of the Virtual Economy -- Ch. 4. "Igor" in the Virtual Economy -- Ch. 5. Evolution of the Virtual Economy -- Ch. 6. A Simple Accounting Exercise -- Ch. 7. Running Out of Value -- Ch. 8. The Virtual State -- Ch. 9. Mr. Putin's Dilemma -- Ch. 10. What Is to Be Done? -- App. A. An Example of Barter to Evade Taxes -- App. B. Selected Data and Findings from the Karpov Commission Report -- App. C. Further Comments on Value Destruction -- App. D. The Director's Decision Problem -- App. E. An Evolutionary Model -- App. F. Regions in r-d Space.
ISBN
  • 0815731124 (cloth : alk. paper)
  • 0815731116 (pbk. : alk. paper)
LCCN
2002008413
OCLC
  • ocm49903197
  • SCSB-4296956
Owning Institutions
Columbia University Libraries