Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina

Autores
Hass, Jeffrey K.; Beltran, Gaston Joaquin
Año de publicación
2010
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Why do some economic elites initially support reform policies that potentially risk their very positions, especially when they apparently do little to address the potential threat or make use of increasingly likely radical changes? To address this question, and to expand our understanding of managerial and business decision-making in periods of fundamental economic change, we compare industrial managers’ and business elites’ reactions to initial economic reform in Argentina and late Soviet/early post-Soviet Russia. Drawing on a stochastic learning model, we suggest three processes shaped decisions to embrace reforms in such as way as to leave themselves vulnerable. First, these elites anchored expectations in experiences of past reforms, including experiences and expectations that reforms would ultimately be limited or would fail. Second, these two groups used reforms to augment gains and autonomy, but in such a way that left them vulnerable to competition and greater fiscal strains alter. Third, market-oriented reforms were initially ambiguous, because of the nature of market systems under construction (which inherently include uncertainty and ambiguity about future outcomes) and because reforms themselves were not entirely coherent. These factors, combined with no initial demonstration by the state that reforms would be carried out to their limit, allowed Soviet managers and Argentine business elites to read a positive future into reforms, leaving them vulnerable. As a result, they supported reforms that ultimately turned into threats.
Fil: Hass, Jeffrey K.. University of Richmond; Estados Unidos
Fil: Beltran, Gaston Joaquin. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Sociales. Instituto de Investigaciones "Gino Germani"; Argentina
Materia
ARGENTINA AND RUSSIAN ELITES
ECONOMIC TRANSICION
DECISION MAKING
IRRATIONAL DECISIONS
Nivel de accesibilidad
acceso abierto
Condiciones de uso
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Repositorio
CONICET Digital (CONICET)
Institución
Consejo Nacional de Investigaciones Científicas y Técnicas
OAI Identificador
oai:ri.conicet.gov.ar:11336/189285

id CONICETDig_c390c236c8b54d68742a6c4f5f766f68
oai_identifier_str oai:ri.conicet.gov.ar:11336/189285
network_acronym_str CONICETDig
repository_id_str 3498
network_name_str CONICET Digital (CONICET)
spelling Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis ArgentinaHass, Jeffrey K.Beltran, Gaston JoaquinARGENTINA AND RUSSIAN ELITESECONOMIC TRANSICIONDECISION MAKINGIRRATIONAL DECISIONShttps://purl.org/becyt/ford/5.4https://purl.org/becyt/ford/5Why do some economic elites initially support reform policies that potentially risk their very positions, especially when they apparently do little to address the potential threat or make use of increasingly likely radical changes? To address this question, and to expand our understanding of managerial and business decision-making in periods of fundamental economic change, we compare industrial managers’ and business elites’ reactions to initial economic reform in Argentina and late Soviet/early post-Soviet Russia. Drawing on a stochastic learning model, we suggest three processes shaped decisions to embrace reforms in such as way as to leave themselves vulnerable. First, these elites anchored expectations in experiences of past reforms, including experiences and expectations that reforms would ultimately be limited or would fail. Second, these two groups used reforms to augment gains and autonomy, but in such a way that left them vulnerable to competition and greater fiscal strains alter. Third, market-oriented reforms were initially ambiguous, because of the nature of market systems under construction (which inherently include uncertainty and ambiguity about future outcomes) and because reforms themselves were not entirely coherent. These factors, combined with no initial demonstration by the state that reforms would be carried out to their limit, allowed Soviet managers and Argentine business elites to read a positive future into reforms, leaving them vulnerable. As a result, they supported reforms that ultimately turned into threats.Fil: Hass, Jeffrey K.. University of Richmond; Estados UnidosFil: Beltran, Gaston Joaquin. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Sociales. Instituto de Investigaciones "Gino Germani"; ArgentinaCenter for Independent Social Research2010-06info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfhttp://hdl.handle.net/11336/189285Hass, Jeffrey K.; Beltran, Gaston Joaquin; Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina; Center for Independent Social Research; Laboratorium; 2; 2; 6-2010; 123-1602076-82142078-1938CONICET DigitalCONICETenginfo:eu-repo/semantics/altIdentifier/url/https://www.soclabo.org/index.php/laboratorium/article/view/199info:eu-repo/semantics/openAccesshttps://creativecommons.org/licenses/by-nc-nd/2.5/ar/reponame:CONICET Digital (CONICET)instname:Consejo Nacional de Investigaciones Científicas y Técnicas2025-09-29T10:47:45Zoai:ri.conicet.gov.ar:11336/189285instacron:CONICETInstitucionalhttp://ri.conicet.gov.ar/Organismo científico-tecnológicoNo correspondehttp://ri.conicet.gov.ar/oai/requestdasensio@conicet.gov.ar; lcarlino@conicet.gov.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:34982025-09-29 10:47:45.382CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicasfalse
dc.title.none.fl_str_mv Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
title Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
spellingShingle Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
Hass, Jeffrey K.
ARGENTINA AND RUSSIAN ELITES
ECONOMIC TRANSICION
DECISION MAKING
IRRATIONAL DECISIONS
title_short Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
title_full Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
title_fullStr Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
title_full_unstemmed Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
title_sort Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina
dc.creator.none.fl_str_mv Hass, Jeffrey K.
Beltran, Gaston Joaquin
author Hass, Jeffrey K.
author_facet Hass, Jeffrey K.
Beltran, Gaston Joaquin
author_role author
author2 Beltran, Gaston Joaquin
author2_role author
dc.subject.none.fl_str_mv ARGENTINA AND RUSSIAN ELITES
ECONOMIC TRANSICION
DECISION MAKING
IRRATIONAL DECISIONS
topic ARGENTINA AND RUSSIAN ELITES
ECONOMIC TRANSICION
DECISION MAKING
IRRATIONAL DECISIONS
purl_subject.fl_str_mv https://purl.org/becyt/ford/5.4
https://purl.org/becyt/ford/5
dc.description.none.fl_txt_mv Why do some economic elites initially support reform policies that potentially risk their very positions, especially when they apparently do little to address the potential threat or make use of increasingly likely radical changes? To address this question, and to expand our understanding of managerial and business decision-making in periods of fundamental economic change, we compare industrial managers’ and business elites’ reactions to initial economic reform in Argentina and late Soviet/early post-Soviet Russia. Drawing on a stochastic learning model, we suggest three processes shaped decisions to embrace reforms in such as way as to leave themselves vulnerable. First, these elites anchored expectations in experiences of past reforms, including experiences and expectations that reforms would ultimately be limited or would fail. Second, these two groups used reforms to augment gains and autonomy, but in such a way that left them vulnerable to competition and greater fiscal strains alter. Third, market-oriented reforms were initially ambiguous, because of the nature of market systems under construction (which inherently include uncertainty and ambiguity about future outcomes) and because reforms themselves were not entirely coherent. These factors, combined with no initial demonstration by the state that reforms would be carried out to their limit, allowed Soviet managers and Argentine business elites to read a positive future into reforms, leaving them vulnerable. As a result, they supported reforms that ultimately turned into threats.
Fil: Hass, Jeffrey K.. University of Richmond; Estados Unidos
Fil: Beltran, Gaston Joaquin. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina. Universidad de Buenos Aires. Facultad de Ciencias Sociales. Instituto de Investigaciones "Gino Germani"; Argentina
description Why do some economic elites initially support reform policies that potentially risk their very positions, especially when they apparently do little to address the potential threat or make use of increasingly likely radical changes? To address this question, and to expand our understanding of managerial and business decision-making in periods of fundamental economic change, we compare industrial managers’ and business elites’ reactions to initial economic reform in Argentina and late Soviet/early post-Soviet Russia. Drawing on a stochastic learning model, we suggest three processes shaped decisions to embrace reforms in such as way as to leave themselves vulnerable. First, these elites anchored expectations in experiences of past reforms, including experiences and expectations that reforms would ultimately be limited or would fail. Second, these two groups used reforms to augment gains and autonomy, but in such a way that left them vulnerable to competition and greater fiscal strains alter. Third, market-oriented reforms were initially ambiguous, because of the nature of market systems under construction (which inherently include uncertainty and ambiguity about future outcomes) and because reforms themselves were not entirely coherent. These factors, combined with no initial demonstration by the state that reforms would be carried out to their limit, allowed Soviet managers and Argentine business elites to read a positive future into reforms, leaving them vulnerable. As a result, they supported reforms that ultimately turned into threats.
publishDate 2010
dc.date.none.fl_str_mv 2010-06
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv http://hdl.handle.net/11336/189285
Hass, Jeffrey K.; Beltran, Gaston Joaquin; Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina; Center for Independent Social Research; Laboratorium; 2; 2; 6-2010; 123-160
2076-8214
2078-1938
CONICET Digital
CONICET
url http://hdl.handle.net/11336/189285
identifier_str_mv Hass, Jeffrey K.; Beltran, Gaston Joaquin; Illusions of market paradise: State, business, and economic reform in post-socialist Russia and post-1980s crisis Argentina; Center for Independent Social Research; Laboratorium; 2; 2; 6-2010; 123-160
2076-8214
2078-1938
CONICET Digital
CONICET
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://www.soclabo.org/index.php/laboratorium/article/view/199
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
eu_rights_str_mv openAccess
rights_invalid_str_mv https://creativecommons.org/licenses/by-nc-nd/2.5/ar/
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Center for Independent Social Research
publisher.none.fl_str_mv Center for Independent Social Research
dc.source.none.fl_str_mv reponame:CONICET Digital (CONICET)
instname:Consejo Nacional de Investigaciones Científicas y Técnicas
reponame_str CONICET Digital (CONICET)
collection CONICET Digital (CONICET)
instname_str Consejo Nacional de Investigaciones Científicas y Técnicas
repository.name.fl_str_mv CONICET Digital (CONICET) - Consejo Nacional de Investigaciones Científicas y Técnicas
repository.mail.fl_str_mv dasensio@conicet.gov.ar; lcarlino@conicet.gov.ar
_version_ 1844614521994346496
score 13.070432