By Iosif Abramovich. Ostrovitdi8anov, Konstantin Vasil'evich, Lapidus

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Extra info for An outline of political economy: Political economy and Soviet economics

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To do so, it is useful to draw upon what Fred Deyo has termed ‘labour systems’. In this usage, labour systems comprise the mechanisms through which labour is ‘socially reproduced, mobilised for economic ends, utilised Power, conflict and the global economy 21 in production and controlled and motivated in support of economic goals’ (Deyo 2001: 259). This involves the interaction of contested material, social and cultural processes that are filtered through the specific institutional contexts of different locales.

2005: 81) Owing to their embedded nature, network relationships can lead to the formation of trust between firms and therefore facilitate mutual coordination for joint problem-solving activities. However, while embedded relationships may be ones of relative equality, longevity, mutual dependence and trust, they can also reinforce hierarchy, power asymmetries, and the uneven appropriation of rents and, ultimately, profit. As part of its analysis of social embedding, GCC analysis interrogates the power relations that pervade such networks and mediate the vertical and, to a lesser degree, horizontal linkages that compose commodity chains.

On the other hand, it begs the question of the characterisation of the end point of transition. The transition is most commonly characterised as the ‘transition to a market economy’, which is usually a euphemism for the transition to capitalism, but this leaves open the question of what kind of capitalism is developing in Russia. Is the capitalism that is emerging in Russia modelled on one of the existing ‘varieties of capitalism’ (Hall and Soskice 2001)? Or does Russian capitalism have its own original character, based on the incorporation of capitalist practices into soviet/Russian traditions, values and institutions?

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An outline of political economy: Political economy and Soviet economics by Iosif Abramovich. Ostrovitdi8anov, Konstantin Vasil'evich, Lapidus

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