The Vanishing Rouble: Barter Networks and Non-Monetary Transactions in Post-Soviet Societies

Front Cover
Paul Seabright
Cambridge University Press, Nov 30, 2000 - Business & Economics - 383 pages
One of the most remarkable aspects of the transition process in the former Soviet Union has been the extent to which the economy has effectively become demonetized in recent years. At the time of Russia's financial crisis of 1998 it was estimated that up to 70% of industrial output was being exchanged for barter. This book provides an accessible and authoritative analysis of barter in the former Soviet Union, addressing such questions as: * What has brought about this demonetization and why have we not seen the same phenomenon on a widespread scale in central and eastern Europe? * Does the nature of demonetization cast light on what underpins monetary transactions in industrial societies? * What are the consequences for output and growth? * Should the state intervene and how? * Does the network character of many non-monetary transactions have implications for the role and value of social networks in complex modern societies?
 

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Contents

Some lasting thing barter and the value of money
15
Barter relationships
35
An anthropological view of barter in Russia
71
Part II Largescale empirical studies
91
Barter in postSoviet societies what does it look like and why does it matter?
93
The growth of nonmonetary transactions in Russia causes and effects
114
Barter in Russia
147
The household in a nonmonetary market economy
176
Barter and nonmonetary transactions in transition economies evidence from a crosscountry survey
236
Ethnography
257
How is barter done? The social relations of barter in provincial Russia
259
Shadow barter economic necessity or economic crime?
298
Surrogate currencies and the wild market in central Siberia
318
Bear skins and macaroni the social life of things at the margins of a Siberian state collective
345
what is to be done?
362
Index
375

Barter in transition economies competing explanations confront Ukrainian data
207

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