Piveronus, Jr., Peter J.

Dr. Peter J. Piveronus, Jr. is Adjunct Professor at Lansing Community College. He received his Ph.D. from Michigan State University. Dr. Piveronus has authored journal articles in several publications, and has delivered papers at numerous conferences and symposia.

Reinvention of Capitalism

2006 0-7734-5580-9
This study focuses on Russia as a binary economy in progress. Louis Kelso’s Two-Aspect theory – the basis of binary economics – was the guiding principle of Russia’s economic reformers during the late 1980s and early 1990s. Adapted to special conditions in Russia, binary economics reinvented capitalism and was the foundation on which Russia’s successful transition to a market system was achieved. A core component of the binary economy in the Russian context is direct worker ownership which, from 1992 to 1994, was the centerpiece of Russian economic reform and of an emerging Russian capitalism. Using binary economics as a guide, the goal was to create a reformed economy that was both efficient and socially just – a “People’s Capitalism,” the Russian alternative to the command system and corporate concentration – a “Third Wave.”