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Engineers versus managers: experts, market-making and state-building in Putin’s Russia
experts political economy of markets markets market reform marketization valuation Russia electricity
2014/3/20
Market-making and state-building are mutually reinforcing processes. This paper documents the role played in these processes by two groups of experts in Russia’s electricity sector: technical experts ...
For Adam Smith, wealth was related to the division of labor. As people and firms specialize in different activities, economic efficiency increases, suggesting that development is associated with an in...