Popular Attitudes Towards Markets and Democracy: Russia and United States Compared 25 Years Later

33 Pages Posted: 18 Feb 2016 Last revised: 1 Mar 2016

See all articles by Maxim Boycko

Maxim Boycko

Russian Privatization Center

Robert J. Shiller

Yale University - Cowles Foundation; National Bureau of Economic Research (NBER); Yale University - International Center for Finance

Date Written: February 17, 2016

Abstract

We repeat a survey we did in the waning days of the Soviet Union (Shiller, Boycko and Korobov, AER 1991) comparing attitudes towards free markets between Moscow and New York. Additional survey questions, from Gibson Duch and Tedin (J. Politics 1992) are added to compare attitudes towards democracy. Two comparisons are made: between countries, and through time, to explore the existence of international differences in allegiance to democratic free-market institutions, and the stability of these differences. While we find some differences in attitudes towards markets across countries and through time, we do not find most of the differences large or significant. Our evidence does not support a common view that the Russian personality is fundamentally illiberal or non-democratic.

Keywords: free markets, democratic values, fair prices, income inequality, incentives, hostility towards business, Moscow, New York, transition economy

JEL Classification: P10, O57

Suggested Citation

Boycko, Maxim and Shiller, Robert J., Popular Attitudes Towards Markets and Democracy: Russia and United States Compared 25 Years Later (February 17, 2016). Cowles Foundation Discussion Paper No. 2030, Available at SSRN: https://ssrn.com/abstract=2733675 or http://dx.doi.org/10.2139/ssrn.2733675

Maxim Boycko

Russian Privatization Center

Robert J. Shiller (Contact Author)

Yale University - Cowles Foundation ( email )

Box 208281
New Haven, CT 06520-8281
United States
203-432-3708 (Phone)
203-432-6167 (Fax)

HOME PAGE: http://www.econ.yale.edu/~shiller/

National Bureau of Economic Research (NBER) ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States
203-432-3708 (Phone)

Yale University - International Center for Finance ( email )

Box 208200
New Haven, CT 06520
United States
203-432-3708 (Phone)
203-432-6167 (Fax)

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
87
Abstract Views
657
rank
316,020
PlumX Metrics