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Trust, Morality, and Markets

Rethinking Economy and Society via the Russian Case

Yuri Veselov, Mikhail Sinyutin and Elena Kapustkina

The spread of contemporary globalized capitalism wrought by the new patterns of industrialization, marketization, and consumerization shapes Russia’s recent historical path and developmental possibilities. This book discusses Russia’s transformation into a market economy and the role of trust in the creation of new institutions and ways of life. It focuses on the relations between society and economy in a period of turbulent social change and the extraordinary transformation of social practices.
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The presented study is a culmination of a dozen years of our research activity at St.-Petersburg State University. Unlike the favourite hero of classical economic theory, Robinson Crusoe, we have been in constant communication over the years with many persons through social networks. One can hardly mention all those who influenced the authors on their intellectual journey. We are strongly indebted to them and hope this text can serve as a token of our gratitude.

We would also like to thank those who were institutionally involved in our endeavor. The impulse for our interest in the trust problem came from the RSS Foundation, Open Society Institute, who gave us a grant (1390/2000) for preparing a research project. From this grant we gained invaluable experience, along with a mutual project with European colleagues organised by the German scholar Heiko Schrader, Professor of Sociology at Magdeburg University. We could not have finshed our work on trust without our reviewers, Victor Voronov, leading researcher of the Institute of Social Investigations at the Daugavpils University in Latvia, and Pasquale Tridico, Jean Monnet Professor in European Economic Integration at the Department of Economics of the University Roma Tre in Italy. And, our text would still not be available in English without the editorial help of Gregory Sandstrom, currently at the Department of Social and Political Sciences European Humanities University Vilnius, Lithuania, Anastasia Oreliovich, our brilliant graduate at St.-Petersburg State University, and last but not least Nadja Bartsch from Peter Lang.

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