Year of Graduation
The Comprehension of Reforms in Russia in the 1990s by Russian and Foreign Economists: the Role of Culture
If about the 1990s it can be said that both Russian and foreign economists agreed that purely economic steps could be sufficient for the emergence of strong and free market, then after numerous disappointments these ideas began to be revised and are being revised still. In this study, on the example of the Russian situation, we examined whether there a new consensus emerged and what role economists assign to the factor of culture. Analyzing the work of well-known economists, we came to the conclusion that the efficiency of the work of political and economic institutions largely depends on the culture or informal institutions of society.