Property Rights and Property Wrongs
How Power, Institutions, and Norms Shape Economic Conflict in Russia
Published on 24. March 2017
Book
Hardback
256 pages
978-1-107-15699-9 (ISBN)
Description
Secure property rights are central to economic development and stable government, yet difficult to create. Relying on surveys in Russia from 2000 to 2012, Timothy Frye examines how political power, institutions, and norms shape property rights for firms. Through a series of simple survey experiments, Property Rights and Property Wrongs explores how political power, personal connections, elections, concerns for reputation, legal facts, and social norms influence property rights disputes from hostile corporate takeovers to debt collection to renationalization. This work argues that property rights in Russia are better seen as an evolving bargain between rulers and rightholders than as simply a reflection of economic transition, Russian culture, or a weak state. The result is a nuanced view of the political economy of Russia that contributes to central debates in economic development, comparative politics, and legal studies.
Reviews / Votes
'Security of property rights is a key economic institution of capitalism and the most important determinant of growth-enhancing investment. So why don't all countries protect private property rights? The answer is politics. For more than twenty years, Timothy Frye has studied the political legitimacy of property rights in Russia, the country which has carried out a unique century-long experiment in property rights protection. For three quarters of a century Russia destroyed private ownership and then tried to recreate it - with mixed results at best. Studying formal and informal institutions, Professor Frye explains the failures and successes of Russian capitalism. This book is a must read for all future reformers and especially for privatizers.' Sergei Guriev, Chief Economist, European Bank for Reconstruction and DevelopmentMore details
Language
English
Place of publication
Cambridge
United Kingdom
Target group
College/higher education
Professional and scholarly
Product notice
sewn/stitched
Cloth over boards
Illustrations
43 Tables, black and white; 6 Line drawings, black and white
Dimensions
Height: 239 mm
Width: 157 mm
Thickness: 20 mm
Weight
499 gr
ISBN-13
978-1-107-15699-9 (9781107156999)
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Schweitzer Classification
Other editions
Additional editions
Timothy Frye
Property Rights and Property Wrongs
How Power, Institutions, and Norms Shape Economic Conflict in Russia
E-Book
04/2017
Cambridge University Press
€32.49
Available for download
Timothy Frye
Property Rights and Property Wrongs
How Power, Institutions, and Norms Shape Economic Conflict in Russia
E-Book
03/2017
Cambridge University Press
€21.99
Available for download
Timothy Frye
Property Rights and Property Wrongs
How Power, Institutions, and Norms Shape Economic Conflict in Russia
Book
03/2017
Cambridge University Press
€41.30
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Person
Timothy Frye is the Marshall D. Shulman Professor of Post-Soviet Foreign Policy at Columbia University and the former Director of The Harriman Institute. Professor Frye received a B.A. in Russian language and literature from Middlebury College in 1986, an M.I.A. from Columbia's School of International and Public Affairs in 1992, and a Ph.D. from Columbia in 1997. He is the author of Brokers and Bureaucrats: Building Market Institutions in Russia (2000), which won the 2001 Hewett Prize from the American Association for the Advancement of Slavic Studies, and Building States and Markets after Communism: The Perils of Polarized Democracy (Cambridge, 2010). He has worked as a consultant for the World Bank, the European Bank for Reconstruction and Development, and the US Agency for International Development. He is also Director of the International Center for the Study of Institutions and Development at the Higher School of Economics in Moscow.
Content
1. Introduction; 2. Power and property; 3. Autocratic elections and property rights; 4. Courts and connections; 5. Reputation and the rule of law; 6. Social norms and the banker's gold watch; 7. Conclusion.