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4 - The Russian Empire and the Economic Dynamics of Serfdom

from Part II - The Economics of Bondage

Published online by Cambridge University Press:  30 November 2025

Alessandro Stanziani
Affiliation:
Ecole des Hautes Etudes en Sciences Sociales, Paris
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Summary

Contrary to popular opinion, economic growth under serfdom was far from negligible, especially in the eighteenth century. These dynamics are explained, as well as the slow path of growth in the first half of the nineteenth century, which is related not only to wars, but also to the impact on Russia of the rise of the Atlantic and the Great Divergence. Moreover, unlike the Western empires, the Russian empire was far from being profitable during this period.

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