Economic Modernization in Imperial Russia: Purposes and Achievements

Herbert J. Ellison

The Journal of Economic History, 1965, vol. 25, issue 4, 523-540

Abstract: Historically, the forms of modern economic life were first extended to new areas from the small zone of Western Europe where they developed by two major means: the direct action of individuals and economic organizations from that zone, and the measures of innovating rulers intent upon modernizing the economic life of their countries. In Russia the outside action came first, beginning with the Chancellor expedition in the sixteenth century and expanding gradually over the subsequent century and a half. Only from the early eighteenth century did the monarch's initiative become the primary factor in economic innovation, but the combination of Muscovite autocratic power and the formidable will of Peter the Great made it from the beginning an irresistible force for change. By the late eighteenth century a new force was evident—the entrepreneurial initiative of Russian tradesmen and manufacturers. The prime movers of Russian economic modernization during the following century were now assembled.

Date: 1965
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