Mathematical Economics in the Era of Socialism and the Transition to the Market (Part Two)

The article is devoted to the study of the history of the development of economic thought in Russia, its struggle with the official ideology and attempts to influence the choice of strategies for socio-economic development. The second part of the work shows that this struggle revealed the imperfection of the world economic–mathematical theory of the late 20th century, which was focused on the study of market competition and did not consider the mechanisms of rationing, queues, and the black market characteristic of a planned economy. The intensive efforts made by Russian economists in this direction were belated. In the “war of programs” for the transition to a market economy that unfolded in the late 1980s, the concept of shock therapy won. This was facilitated by the pressure of international organizations that did not care about the well-being of the population of the Soviet Union, and the lack of unity among Russian economists. They united with each other and with leading Western economists belatedly, so that the program of reforms they put forward could no longer influence the results of the reforms. Nevertheless, the efforts of economists–mathematicians contributed to the formation of modern economic education in Russia and the gradual establishment of an independent economic science.

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Publication Details

Journal
Studies on Russian Economic Development
Published
2024-11-08
DOI
https://doi.org/10.1134/s1075700724700308
Primary Topic
Economic Theory and Policy
Type
article
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article

Mathematical Economics in the Era of Socialism and the Transition to the Market (Part Two)

Victor Polterovich
Studies on Russian Economic Development
Economic Theory and Policy
article

Mathematical Economics in the Era of Socialism and the Transition to the Market (Part Two)

Victor Polterovich
article en

Abstract

The article is devoted to the study of the history of the development of economic thought in Russia, its struggle with the official ideology and attempts to influence the choice of strategies for socio-economic development. The second part of the work shows that this struggle revealed the imperfection of the world economic–mathematical theory of the late 20th century, which was focused on the study of market competition and did not consider the mechanisms of rationing, queues, and the black market characteristic of a planned economy. The intensive efforts made by Russian economists in this direction were belated. In the “war of programs” for the transition to a market economy that unfolded in the late 1980s, the concept of shock therapy won. This was facilitated by the pressure of international organizations that did not care about the well-being of the population of the Soviet Union, and the lack of unity among Russian economists. They united with each other and with leading Western economists belatedly, so that the program of reforms they put forward could no longer influence the results of the reforms. Nevertheless, the efforts of economists–mathematicians contributed to the formation of modern economic education in Russia and the gradual establishment of an independent economic science.

Studies on Russian Economic DevelopmentVol. 35(6)
Lomonosov Moscow State University (RU), Central Economics and Mathematics Institute (RU), Moscow State University (TJ)
Openalex Percentile: Top 64%
Economic Theory and Policy
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Mathematical Economics in the Era of Socialism and the Transition to the Market (Part Two) — Victor Polterovich · Studies on Russian Economic Development (2024) | TGRS Research Map | TGRS