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Money Unmade : Barter and the Fate of Russian Capitalism / David Woodruff.

By: Material type: TextTextPublisher: Ithaca, NY : Cornell University Press, [2018]Copyright date: ©2000Description: 1 online resource (248 p.) : 6 drawings, 5 tablesContent type:
Media type:
Carrier type:
ISBN:
  • 9781501711466
Subject(s): DDC classification:
  • 332.4/947
LOC classification:
  • HG1080.2.W66 1999
Other classification:
  • online - DeGruyter
Online resources:
Contents:
Frontmatter -- Contents -- Figures and Tables -- Preface -- Note on Transliteration -- INTRODUCTION. Making Money -- CHAPTER ONE. Making Money Multiple, 1924-1933 -- CHAPTER TWO. Things Come Apart, 1987-1991 -- CHAPTER THREE. Bender's Revenge, 1992-1993 -- CHAPTER FOUR. Money Unmade, 1993-1994 -- CHAPTER FIVE. Monies Multiply, 1994-1996 -- CHAPTER SIX. The Politics of Monetary Consolidation, 1996-1998 -- EPILOGUE. Russian Monetary Consolidation in Comparative Perspective -- APPENDIX I. Internet Sources -- Index
Summary: Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation—a neglected but crucial aspect of capitalist statebuilding. Drawing on a vast array of empirical evidence, Woodruff shows how the widespread use of barter arose as local authorities tried to protect industry against the destructive effects of price increases and crude tax and accounting systems. As businesses fled or were driven from the money economy, provincial governments invented new ways to tax in kind and issued substitutes for the ruble. In turn, the federal authorities, unable to coerce firms either to operate in the money economy or to abandon business altogether, were forced to make accommodations to barter and to ruble alternatives. Woodruff describes the enormous fiscal difficulties that resulted and recounts the intense political battles over attempts to address the problem. Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide. Sovereignty over money cannot, he argues, be imposed by government on a recalcitrant society. Nor can it be assumed as a by-product of disciplined policies aimed at market reform. Monetary consolidation is, at heart, a political achievement requiring political support.
Holdings
Item type Current library Call number URL Status Notes Barcode
eBook eBook Biblioteca "Angelicum" Pont. Univ. S.Tommaso d'Aquino Nuvola online online - DeGruyter (Browse shelf(Opens below)) Online access Not for loan (Accesso limitato) Accesso per gli utenti autorizzati / Access for authorized users (dgr)9781501711466

Frontmatter -- Contents -- Figures and Tables -- Preface -- Note on Transliteration -- INTRODUCTION. Making Money -- CHAPTER ONE. Making Money Multiple, 1924-1933 -- CHAPTER TWO. Things Come Apart, 1987-1991 -- CHAPTER THREE. Bender's Revenge, 1992-1993 -- CHAPTER FOUR. Money Unmade, 1993-1994 -- CHAPTER FIVE. Monies Multiply, 1994-1996 -- CHAPTER SIX. The Politics of Monetary Consolidation, 1996-1998 -- EPILOGUE. Russian Monetary Consolidation in Comparative Perspective -- APPENDIX I. Internet Sources -- Index

restricted access online access with authorization star

http://purl.org/coar/access_right/c_16ec

Since the collapse of the Soviet Union, Russians have seen the ruble steadily lose ground to alternative means of payment such as barter and privately issued quasi-monies. Industry now collects as much as 70 percent of its receipts in nonmonetary form, leaving many firms with too little cash to pay salaries and taxes. In this ground-breaking book on the Russian economy, David Woodruff argues that Moscow's inability to control the nation's currency is not a carry-over from the Soviet past. Rather, the Russian government has failed to build the administrative capacity and political support demanded by monetary consolidation—a neglected but crucial aspect of capitalist statebuilding. Drawing on a vast array of empirical evidence, Woodruff shows how the widespread use of barter arose as local authorities tried to protect industry against the destructive effects of price increases and crude tax and accounting systems. As businesses fled or were driven from the money economy, provincial governments invented new ways to tax in kind and issued substitutes for the ruble. In turn, the federal authorities, unable to coerce firms either to operate in the money economy or to abandon business altogether, were forced to make accommodations to barter and to ruble alternatives. Woodruff describes the enormous fiscal difficulties that resulted and recounts the intense political battles over attempts to address the problem. Through an overview of monetary consolidation in other nations, Woodruff demonstrates that the struggles of the new Russian state have much to teach us about the political history of money worldwide. Sovereignty over money cannot, he argues, be imposed by government on a recalcitrant society. Nor can it be assumed as a by-product of disciplined policies aimed at market reform. Monetary consolidation is, at heart, a political achievement requiring political support.

Mode of access: Internet via World Wide Web.

In English.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 26. Apr 2024)