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Putinomics

Money and Power in Resurgent Russia

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Putinomics

By: Chris Miller
Narrated by: Traber Burns
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About this listen

In Putinomics, Chris Miller examines the making of Russian economic policy since Vladimir Putin took power in 1999. Miller argues that despite Russia's corruption, cronyism, territorial expropriation, and over-dependency on oil as an economic driver, Putin's economic strategy has functioned far more effectively than most Westerners realize. While acknowledging that part of Putin's successes - above all, quadrupling per capita GDP in just a decade and a half - can be attributed to cashing in on high oil prices, Miller details the government policies that have also been fundamental to Russia's growth, which has outpaced and outperformed comparable petro-states like Venezuela and Saudi Arabia.

While many scholars have long agreed that Russia has combined reasonably successful macroeconomic policies with mediocre micro policies, Miller argues that this dichotomy has not seeped very far into public debate. Thus, Putinomics at once analyzes Russia's political economy in a way that nonspecialists can comprehend and complicates our understanding of contemporary Russia.

©2018 Blackstone Audio, Inc. (P)2018 Blackstone Audio, Inc. Economic History Economics Macroeconomics Political Science Politics & Government Russia Russian & Soviet World US Economy Economic policy Imperialism Economic inequality

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The Russian ganster economy of the 1990's evolves into the golden era of the early 2000's under Putin. Putin succeeds in controlling the oligarchs by imprisoning one or two examples and forbids political influence. A fortunate coincidence of events up to 2010, including high oil prices, buoys the economy and allows citizens wealth to increase by 10% pa in this period with improved pensions, bonuses for war veterans, public servants but industry is encouraged to retain redundant employees, worker mobility is low and productivity remains low by global standards. Since 2010 the system is in survival mode, wages have not sagged enough to cause social unrest, given increasing repression, but industry has not modernized. The running history is mostly anecdotal; tables of numerical statistics, if such exist, are absent, at least in the audiobook version. All fascinating stuff.

Russia from 1990 to 2018.

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Now that Putin is public enemy number one, it is hard to remember that there were better times, when we all felt more or less sympathetic and hopeful that Russia would choose the path towards normal happy statehood, and a normal happy relationship with the West. Russia had massive challenges and massive advantages, and it could have gone well...

Chris Miller gives a detailed account of the Russian economy (1991-2017) unadorned with normative judgements. He really examines Russia's political economy like a doctor would examine a body or an engineer would examine a motor, and it is satisfying not to be burdened with too many moral judgements.

Of course, history has taken a definitive turn since this book was published so it's all a bit moot now, but I found it interesting to look at the back-story. Better than watching too much live news.

Strangely objective, written in 2018

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the book is interesting and contains a useful overview of Russian economic policy and Putin's role in it. however, the views of economic policy are incredibly neoliberal and very right wing

interesting but highly biased

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Interesting listening, whilst it does not cover more recent events it provides a good overview of Russia’s history since the 90s

Interesting listening

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Listened to this over a few nights. Sent me to sleep every time. The narrators voice is all wrong …..

Dreadful

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