Latest Articles from Russian Journal of Economics Latest 5 Articles from Russian Journal of Economics https://rujec.org/ Fri, 29 Mar 2024 08:05:41 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Tugan‑Baranovsky and the West https://rujec.org/article/55686/ Russian Journal of Economics 7(1): 19-33

DOI: 10.32609/j.ruje.7.55686

Authors: François Allisson

Abstract: Mikhail Tugan‑Baranovsky was one of the most prolific Russian economists at the turn of the 19–20th centuries. His thought was largely influenced by Western ideas, like most of his fellow Russian economists. But Tugan‑Baranovsky’s theories in turn also influenced Western economic thought to an unprecedented extent. Tugan‑Baranovsky’s Western legacy is first reflected on, before we examine the West’s reception of two of his works: “Industrial crises in England” (1894) and “Theoretical foundations of Marxism” (1905). We compare the conception of these works vis-à-vis their intended audience, and their reception in the international context of the circulation of ideas, so as to define Tugan‑Baranovsky’s relationship with the West.

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Research Article Wed, 31 Mar 2021 01:16:25 +0300
The Austrian school of economics in Russia: From criticism and rejection to absorption and adoption https://rujec.org/article/26002/ Russian Journal of Economics 4(1): 31-43

DOI: 10.3897/j.ruje.4.26002

Authors: Vladimir Avtonomov, Natalia Makasheva

Abstract: Dissemination and adoption of Western economic ideas in Russia have never been a simple process, always bearing marks of the socio-political and ideological circumstances of the country and inner processes in economics, as well as marks of the national intellectual tradition in general. It is not surprising that the history of Austrian economics in Russia was akin to a long road with many windings and turns. We can distinguish three different periods, or waves, each of them rather complex: from the 1890s until the late 1920s (introduction and, to a certain degree, adoption and criticism), from the beginning of the 1930s until the mid-1980s (hostile attitude and ignorance), and from the mid-1980s onwards (rediscovery, dissemination, and adoption).

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Research Article Mon, 23 Apr 2018 17:20:50 +0300
The Austrian school in Bulgaria: A history https://rujec.org/article/26005/ Russian Journal of Economics 4(1): 44-64

DOI: 10.3897/j.ruje.4.26005

Authors: Nikolay Nenovsky, Pencho Penchev

Abstract: The main goal of this study is to highlight the acceptance, dissemination, interpretation, criticism and make some attempts at contributing to Austrian economics made in Bulgaria during the last 120 years. We consider some of the main characteristics of the Austrian school, such as subjectivism and marginalism, as basic components of the economic thought in Bulgaria and as incentives for the development of some original theoretical contributions. Even during the first few years of Communist regime (1944–1989), with its Marxist monopoly over intellectual life, the Austrian school had some impact on the economic thought in the country. Subsequent to the collapse of Communism, there was a sort of a Renaissance and rediscovery of this school. Another contribution of our study is that it illustrates the adaptability and spontaneous evolution of ideas in a different and sometimes hostile environment.

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Research Article Mon, 23 Apr 2018 08:48:09 +0300
The reception of Austrian economics in Italy https://rujec.org/article/26006/ Russian Journal of Economics 4(1): 65-86

DOI: 10.3897/j.ruje.4.26006

Authors: Antonio Magliulo

Abstract: Nowadays the Austrian School enjoys high reputation in Italy: books by Mises, Hayek and other Austrian economists are constantly republished and reviewed with great interest, both inside and outside academic circles. The situation was very different decades ago, when just a few Italian economists devoted attention to the Austrian School. This work studies the reception of Austrian Economics in Italy, from the beginning to our days, so as to bring out, by way of comparison, relevant features of Italian economic culture. We will try to offer just an overview of the entire story, in an attempt to provide useful elements for a deeper analysis of further topics and periods.

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Research Article Mon, 23 Apr 2018 08:47:58 +0300
From Karl Menger to Charles Menger? How Austrian economics (hardly) spread in France https://rujec.org/article/26001/ Russian Journal of Economics 4(1): 8-30

DOI: 10.3897/j.ruje.4.26001

Authors: Gilles Campagnolo

Abstract: The father of the “Austrian” Marginalist revolution and founder of the so-called “Austrian School of economics”, Carl Menger, had a mixed reception during different periods of development of French economics. Somewhat welcomed in the early days, he was rather forgotten later on. Even his major works were not published in translation until recently. What is the reason for such a situation? Criticisms of classical political economy have to be understood in their French context. In comparison to other countries, this paper details the case of France, besides showing how later Austrians, such as Friedrich Hayek, found a limited audience. This comparative study of economic ideas in France must start with the reception of the views of the founder and the role and impact of adopting/adapting or rejecting his views by French scholars. What place did they find in French academia? From Carl Menger to a “Frenchified” Charles Menger, how was Austrian economic thought disseminated in France? This essay starts by recalling the Belle-Époque and an astonishing letter by Charles Rist for the Jubiläum of Menger, in which he deplored the lack of translation of the latter’s works. The Austrian School in France is then discussed as pure economics replaces political economy in the Interwar period, with the 1938 Paris Congress of “liberal thinkers,” as the Vienna Circle became known, also comparing issues in philosophy. The paper considers how Austrian theories of “pure science” were received in Paris from the Vienna of the 1900s, at a time of ”Crossroads,” to the present day, through the Postwar and Cold War, until a revival since the 1990s and a rethinking of economic ideas after 2008.

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Research Article Fri, 20 Apr 2018 17:20:58 +0300