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Prominent analysts have argued that the Russian reform process has gone badly because Russian attitudes towards the market mechanism fundamentally differ from those in the West. Others strenuously dispute this. We combine surveys and a classroom double auction experiment to investigate Russian...
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experienced during the course of the twentieth century: the transition to a socialist economy organised along the lines of state … ownership of the means of production in the 1920s, and the transition to a market economy which occurred after the fall of the … wider economic forces. In both cases, the subordinate place accorded to law undermined the transition process. Although path …
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