Property without Markets
Property without Markets
Who Got What as Markets Failed
This chapter examines the inequalities that emerged in Russia after housing was privatized but not fully commodified. It contrasts empirical trends in housing inequality in Russia with the expectations of the Washington Consensus on housing market transition, focusing on the Housing Sector Reform Project that was supposed to replace Soviet-style socialism with the American variety of capitalism. It also analyzes statistical evidence on inequality and mobility patterns that characterize Russia's housing order, with particular emphasis on who are most likely to obtain separate apartments. It shows that what emerged in Russia is not a housing market, but a regime of property without markets, in which housing is privately owned but incompletely commodified.
Keywords: housing, Russia, housing order, housing inequality, Washington Consensus, market transition, Housing Sector Reform Project, separate apartments, property without markets, mobility patterns
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