The Disruption of Continuity
Владимир Мау. Профессор, ректор, Российская академия народного хозяйства и государственной службы при Президенте РФ (РАНХиГС); председатель редакционного совета журнала «Логос». Email: firstname.lastname@example.org
Ключевые слова: revolutionary politics; post-communist transformation; replacement of elites; property; default; inflationary politics
The paper describes in a comparative perspective the dynamics and main phases of revolution from the point of view of economics. It analyses the dynamics of the revolutionary processes as well as the economic policy, which revolutionary governments are to proceed: inflationary financing, redistribution of property, monetary issue etc. The author argues that revolutions cause the expansion of transaction costs and the economic slowdown as a result. He demonstrates that the Russian transformation of the late 1980s—early 1990s generally actuates the same economic policy mechanisms as during the great revolutions of the past. However there is a specificity in it—this was the first full-scale revolution to take place under the circumstances of the crisis of in- dustrialism and the transfer to postindustrial society.