The Ruble

A Political History

Ekaterina Pravilova

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English

Oxford University Press
19 September 2023

History; European history; History of other lands; Politics & government; Economic history

A groundbreaking history of Russia, from empire to the Soviet era, viewed through the lens of its money.

Money seems passive, a silent witness to the deeds and misdeeds of its holders, but through its history intimate dramas and grand historical processes can be told. So argues this sweeping narrative of the ruble's story from the time of Catherine the Great to Lenin.

The Russian ruble did not enjoy a particularly reputable place among European currencies. Across two hundred years, long periods of financial turmoil were followed by energetic and pragmatic reforms that invariably ended with another collapse. Why did a country with an industrializing economy, solid private property rights, and (until 1918) a near perfect reputation as a rock-solid repayer of its debts stick for such a prolonged period with an inconvertible currency? Why did the Russian gold standard differ from the European model? In answering these questions, Ekaterina Pravilova argues that politics and culture must be considered alongside economic factors.

The history of the Russian ruble offers an opportunity to explore the political reasons behind the preservation of a supposedly backward financial system and to show how politicians used monetary reforms to block or enact political transformations.

The Ruble is a history of Russia written in the language of money. It shows how economists, landowners, merchants, and peasants understood, perceived, and used financial mechanisms. In her sweeping account, Pravilova interprets the well-known political events of the eighteenth to early twentieth centuries--wars, attempts at constitutional transformations, revolutions--through the ideas and politics of currency reforms and offers a new history of Russia's imperial expansion and collapse.

By: Ekaterina Pravilova
Imprint: Oxford University Press
Country of Publication: United States
Dimensions: Height: 165mm, Width: 235mm, Spine: 38mm
Weight: 1g
ISBN: 9780197663714
ISBN 10: 0197663710
Pages: 576
Publication Date: 19 September 2023
Audience: Professional and scholarly , Undergraduate
Format: Hardback
Publisher's Status: Active

"Acknowledgments Introduction: The Ruble's Stories Part I: The Age of Assignats Chapter 1: Assignats: From Paper Substitutes to Paper Money Chapter 2: Autocracy or Representation? The Political Philosophy of Money in the Age of Napoleon and After Chapter 3: The End of Assignats Part II: Autocratic Capitalism Chapter 4: Paper Money in the Era of the ""Great Reforms"" Chapter 5: Ruble's Wars Part III: The Gold Reform Chapter 6: Witte's Rollercoaster Chapter 7: The Autocratic Standard Chapter 8: Practicing the Gold Standard Part IV: Ruble, Wars, and Revolutions Chapter 9: The Gold Syndrome Chapter 10: War and the End of the Gold Ruble Chapter 11: A Revolution That Did Not Happen Epilogue Notes Bibliography Index"

Ekaterina Pravilova is Rosengarten Professor of Modern and Contemporary History and Director of the Program in Russian, East European, and Eurasian Studies at Princeton University. She is the author of the award-winning A Public Empire: Property and the Quest for the Common Good in Imperial Russia, as well as Legality and Individual Rights: Administrative Justice in Russia and Finances of Empire: Money and Power in Russian Policy in the Imperial Borderlands, published in Russian. She is a native of St. Petersburg.

Reviews for The Ruble: A Political History

Groundbreaking history of Russia - from empire to the Soviet era - viewed through the lens of its money. Important and timely in the face of recent events. * Frederick Studemann, Books to Read in 2023, Financial Times * This wonderfully intelligent, knowledgeable, and imaginative book on the ruble and financial policy fills an immense gap in our understanding of government, politics, and society in imperial Russia * Dominic Lieven, Trinity College, Cambridge University * The Ruble: A Political History is a magisterial account of the Russian currency as a tool of autocratic controlfrom Catherine the Great to the early Soviet times. Today, when the Russian imperialism is back and when Russian ruble is once again returning to nonconvertibility, Ekaterina Pravilovas book is more timely than ever. * Sergei Guriev, Sciences Po * Award-winning author Ekaterina Pravilova asks, 'Can money have a story?' As regards the Russian imperial ruble from the eighteenth to the early twentieth century, she shows that most certainly it canand what a story it can tell about a country, an economy, and a society! Her deeply researched and sharply argued book demonstrates how repeated Russian governments deployed currency and financial resources as a tool of domestic rule and geopolitical competition. Yet her work also elucidates unexpected and important currents of both liberal and conservative thought not visible in other accounts. A valuable and important account for historians of Russian imperial history, broader European history, and economic history. * Peter Holquist, University of Pennsylvania *