The Construction of Market Institutions in Russia: A View from the Institutionalism of Polanyi

Sánchez-Andrés, Antonio; March-Poquet, José M.

doi:10.1080/00213624.2002.11506509

Cited by 11 publications

(2 citation statements)

References 38 publications

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“…Theoretically, it must be made clear that the effective elimination of a necroeconomy is unthinkable without an effective bankruptcy law. As the experience of many post-Communist countries has shown, most of the past attempts at formally adopting bankruptcy laws have unfortunately produced only "stillborn babies" (Sánchez-Andrés and March-Poquet, 2002). In other words, they are "necro-laws" because the occurrence of factually bankrupt enterprises being proclaimed as legally bankrupt is something which happens only very seldom, if at all.…”

Section: How To Get Rid Of Necroeconomies and Zombie-economies?mentioning

confidence: 99%

Economy of post‐Communist capitalism under the financial crisis

Papava¹

2010

Studies in Economics and Finance

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Purpose-The purpose of this paper is to distinguish the economic foundations of post-Communist capitalism and to examine the key economic problems of this type of society in the context of the modern financial crisis. Design/methodology/approach-This question is approached by studying the "necroeconomy" as a phenomenon of post-Communist capitalism and the international experience of the dead firms, so-called "zombie-firms", which do exist and "successfully" function in the most developed of economies as well with Japan being the most obvious example. Unlike developed economies, which are exposed to the threat of the zombie-ing of the economy under the conditions of a financial crisis, this threat is even greater for the countries of post-Communist capitalism owing also to their exposure to necroeconomy. Findings-It is found that the financial crisis creates the favourable conditions for the zombie-ing of a necroeconomy. If in Japan, for example, the zombie-economy never touched the processing industries, then one of the qualities of the necroeconomy is to concentrate exactly upon this sector of the economy. The zombie-ing of a necroeconomy inevitably amounts to the zombie-ing of this already-dead sector as well. Originality/value-The value of the paper is to determine the carriers of the necroeconomic and zombie-economic routines-Homo Transformaticus and Zombie Economicus, respectively. The contemporary financial crisis creates the danger of the transformation of Homo Transformaticus into a Zombie Economicus.

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Section: How To Get Rid Of Necroeconomies and Zombie-economies?mentioning

confidence: 99%

Economy of post‐Communist capitalism under the financial crisis

Papava¹

2010

Studies in Economics and Finance

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“…En appliquant une grille polanyienne, c'est à d'autres niveaux que seront repérées d'autres spécificités de la transformation russe : outre le problème de la monétisation, la commercialisation des moyens de production est incomplète, la terre n'est pas un bien privé au sens plein, et la relation de dépendance entre le travail et le salaire n'est pas effective. Au total, ces institutions de base n'étant pas consolidées, les rapports marchands sont limités par d'autres relations sociales (réciprocité…) et l'économie de marché au sens de Polanyi est toujours en construction (Sanchez-Andres et March-Poquet, 2002).…”

Section: Dynamiques Transformatrices Et Institutions Des éConomies Ca...unclassified

L'adaptation institutionnelle de la Russie postsoviétique : entre faits et théories

Crétiéneau¹

2007

Innovations

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Distribution électronique Cairn.info pour De Boeck Supérieur. © De Boeck Supérieur. Tous droits réservés pour tous pays.La reproduction ou représentation de cet article, notamment par photocopie, n'est autorisée que dans les limites des conditions générales d'utilisation du site ou, le cas échéant, des conditions générales de la licence souscrite par votre établissement. Toute autre reproduction ou représentation, en tout ou partie, sous quelque forme et de quelque manière que ce soit, est interdite sauf accord préalable et écrit de l'éditeur, en dehors des cas prévus par la législation en vigueur en France. Il est précisé que son stockage dans une base de données est également interdit.

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The Economic Surplus, Disembedded Economy, and Nurturance Gap—The Contribution of James Ronald Stanfield to Political Economy

O’Hara¹

2006

Journal of Economic Issues

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The Construction of Market Institutions in Russia: A View from the Institutionalism of Polanyi

Cited by 11 publications

References 38 publications

Economy of post‐Communist capitalism under the financial crisis

Economy of post‐Communist capitalism under the financial crisis

L'adaptation institutionnelle de la Russie postsoviétique : entre faits et théories

The Economic Surplus, Disembedded Economy, and Nurturance Gap—The Contribution of James Ronald Stanfield to Political Economy

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