Fedor Chizhov built the first railroad owned entirely by Russian
stockholders, created Moscow's first bank and mutual credit
society, and launched the first profitable steamship line based in
Archangel. In this valuable book, Thomas Owen vividly illuminates
the life and world of this seminal figure in early Russian
capitalism.
Chizhov condemned European capitalism as detrimental to the
ideal of community and the well-being of workers and peasants. In
his strategy of economic nationalism, Chizhov sought to motivate
merchants to undertake new forms of corporate enterprise without
undermining ethnic Russian culture. He faced numerous obstacles,
from the lack of domestic investment capital to the shortage of
enlightened entrepreneurial talent. But he reserved his harshest
criticism for the tsarist ministers, whose incompetence and
prejudice against private entrepreneurship proved his greatest
hindrance.
Richly documented from Chizhov's detailed diary, this work
offers an insightful exploration of the institutional impediments
to capitalism and the rule of law that plagued the tsarist empire
and continue to bedevil post-Soviet Russia.
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