Money Unmade: Barter and the Fate of Russian Capitalism

Money Unmade: Barter and the Fate of Russian Capitalism

by David Woodruff

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Overview

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

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.

Product Details

ISBN-13: 9780801486944
Publisher: Cornell University Press
Publication date: 08/28/2000
Pages: 248
Product dimensions: 6.00(w) x 9.00(h) x 0.57(d)
Age Range: 18 Years

About the Author

David M. Woodruff is Associate Professor of Political Science at the Massachusetts Institute of Technology.

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