Invisible Hands, Russian Experience, and Social Science: Approaches to Understanding Systemic Failure [Hardcover]

This book investigates cases in which national and international activities have gone massively wrong, entailing seriously negative consequences.This book approaches the causes of systemic failures ranging from promoting Third World development to implementing systemic change in the Former Soviet Union and dealing with global financial crises. It is unique in painting a broad panorama of how modern social science has bought increasing theoretical sophistication at the price of losing touch with vital features of cultural and historical specificity.This book approaches the causes of systemic failures ranging from promoting Third World development to implementing systemic change in the Former Soviet Union and dealing with global financial crises. It is unique in painting a broad panorama of how modern social science has bought increasing theoretical sophistication at the price of losing touch with vital features of cultural and historical specificity.This book investigates cases in which national and international activities have gone massively wrong, entailing seriously negative consequences, and in which the sophisticated analytical models of social science have ceased to be helpful. Illustrations range from the global financial crisis to the failure to achieve speedy systemic change in the Former Soviet Union and the failure to achieve development in the Third World. The analysis uses as a backdrop long-term Russian history and short-term Russian encounters with unrestrained capitalism to develop a framework that is based in the so-called new institutionalism. Understanding the causes of systemic failure is shown to require an approach that spans across the increasingly specialized subdisciplines of modern social science. Demonstrating that increasing theoretical sophistication has been bought at the price of a loss of perspective and the need for sensitivity to the role of cultural and historical specificity, the book pleads the case for a new departure in seekingl“.