Friday, May 31, 2013

Economists And Politics

Today's New York Times tells the story of the political travails of Russian economist Sergei Guriev. Guriev, a prominent Russian economist who frequently advised former President Medvedev, apparently incited suspicions of Russian authorities when he co-authored a report by experts critical of the prosecution of Russian oil tycoon Mikhail B. Khodorkovsky.

Khodorkovsky, who acquired great oil wealth after the breakup of the Soviet Union, has been imprisoned since 2005 and is being investigated for further charges. Khodorkovsky apparently made the mistake of directly challenging Putin. He has now joined a long line of Russians and Soviet citizens who ran afoul of authorities, back to the time of Ivan Grozny (Ivan the Terrible) and even earlier in Russian history.

In Soviet years, the capture and prosecution of Khodorkovsky would certainly have counted as one of the most significant "show" trials.

Economist Guriev, very well connected in Russian political circles, especially the entourage of Medvedev, may have made an error in judgement by criticizing any aspect of the trial.

The phenomenon of economists getting entangled too closely with politics is not only a problem in Russia. My economics professor in graduate school, George N. Halm, made the error of giving the Nazi regime advice they didn't want to hear right after Hitler came to power. Professor Halm deemed it advisable to flee to the United States, where he became a noted professor of economics.

Guriev has found refuge at the Institut d’Etudes Politiques, a university in Paris. As the French say, "plus ca change, plus c'est le meme chose."

To paraphrase a thought from Tolstoy, "Authoritarian regimes are all alike; each free country is free in its own way."

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