Invisible Hands, Russian Experience, and Social Science

“Stimulating, perceptive, and exceptionally broad-ranging, Stefan Hedlund’s book deserves a wide readership. It persuasively cuts across the artificial boundaries of contemporary social science.” – Archie Brown, University of Oxford, UK

“Stefan Hedlund's Invisible Hands, Russian Experience, and Social Science is a long-overdue effort to draw lessons from the failure of traditional social science to understand and formulate policy responses to the three truly cataclysmic events of the past quarter century – the collapse of communism, the confrontation between Islam and the West, and the global financial crisis. Hedlund's tightly argued and elegantly written book is a timely call to reconsider the value of real-life knowledge, history, and common sense in analysis and policymaking.” – Clifford Gaddy, The Brookings Institution, Washington, DC

“Even though Stefan Hedlund, a well-known expert on Soviet and Russian economy and society, uses the historical development of Russia and the Soviet Union as his case, this is not primarily a book about Russia. By showing how social sciences failed in understanding and explaining the reasons for such major ‘systemic failures’ as financial crisis and the degradation of the Soviet economy, Hedlund argues convincingly for an approach which pays due attention to history, culture, and ethics.” – Jukka Gronow, Uppsala University, Sweden

“This is an impressive book. It tackles some big issues in the methodology of the social sciences, and offers convincing grounds for reconsidering how we analyze both financial crises and systemic transformations.” – Philip Hanson, The Royal Institute for International Affairs, London

“In the wake of Russia's failed neo-liberal reforms and the West's financial crisis, Invisible Hands, Russian Experience, and Social Science offers a timely and searing critique of mainstream economic analysis. The work is at once a richly informed assessment of the barriers to market reform in Russia and a challenge to social scientists to rethink some of their basic assumptions about the sources of human behavior.” – Eugene Huskey, Author of Presidential Power in Russia, Stetson University, Florida

“Stefan Hedlund brings to this book a depth of knowledge and research into the former Soviet Union in the context of developments in world economics. He details the failure both of neo-classical economics and sociological institutionalism to promote growth and well-being, not only in Russia but in other developing countries and calls for an alternative approach.” – David Lane, University of Cambridge, UK

“Hedlund has brought the broad knowledge of a historian, the conceptual knowledge of an economist, and the open mind of a skeptic to a study of system failures in economies as different as Russia and Wall Street – and what social scientists can learn from awkward events.” – Richard Rose, Director, Centre for the Study of Public Policy, University of Aberdeen, Scotland

“This is a stimulating contribution to the discourse about systemic failures of recent years and an overdue and substantiated call to balance accounts between current history, economics, and sociology.” – Heinrich Vogel, Former Director of the Federal Institute for Soviet and East European Studies, Cologne, Germany