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Navigating the post-socialist transition: institutionalist Post-Keynesianism as a counter to neoliberal disaster

Anna Klimina

Chapter 10 in The Elgar Companion to Women and Heterodox Economics, 2025, pp 152-167 from Edward Elgar Publishing

Abstract: This chapter explores my intellectual development as a scholar, with my first training in economics occurring in the Soviet Union. My journey began with the Soviet manifestation of Marxism, progressing through Western training in mainstream economics and ending in economic heterodoxy—specifically Post-Keynesian Institutionalism. The narrative traverses two broad stages. The first stage depicts the ideological climate of economic scholarship in the Soviet Union prior to the post-socialist transition; this climate denied Soviet scholars a deep understanding of market-based economies, leaving them defenceless in facing the discordancy of a simplistic mainstream conception of neoliberal development. Seeking proficiency in both mainstream and contemporary heterodox economic perspectives, I pursued advanced economic studies in the West. The second stage addresses my disillusionment with mainstream economics and my movement to traditional institutionalism, and explains why I consider the school of Post-Keynesian Institutionalism most fitting for progressively reforming growing industrial economies in the post-Soviet space.

Keywords: Culture; Economic Democracy; Original Institutional Economics; Post-Socialist Transition; Neoliberalism; Russia (search for similar items in EconPapers)
Date: 2025
ISBN: 9781035329304
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