Get the latest updates as we post them — right on your browser

. Last Updated: 07/27/2016


Economists Needed

In response to "Training Future MBAs," July 17.


Peter Ekman writes that managers in Russia "mostly need training in business and economics." He then discusses the difficulties with business education in Russia while ignoring economics. Economics education is, however, critically important to economic reform and the transition to a market economy. Thus, it is important to recognize what is taking place, right here in Moscow, at The New Economic School.

For five years NES has provided world-class economics education to some of Russia's brightest students. The program, which culminates in an internationally recognized Masters Degree in Economics, is modeled on leading programs throughout the world. Visiting professors from elite western universities, such as Harvard, Yale, Berkeley, Cambridge and others, and leading Russian economists teach the core courses that comprise graduate-level economics education. The standard economics curriculum is augmented with courses that deal with specific problems of the Russian transition. In addition, students write MA theses that focus on various aspects of the Russian economy. The result is economists who can apply the tools of modern economic analysis to the problems of Russia.

The success of NES can be assessed in a variety of ways. Our graduates are highly sought after in both the private and public sector in Russia, for example in leading commercial banks, multinational consulting firms, the Central Bank of Russia and the Russian Finance Ministry. Some 62 graduates have been admitted to top Ph.D. programs in the West, most with full fellowships from the host institution. Their success has spread the reputation of NES to leading economics programs in Australia, Europe, and the United States. Upon their return, Russia will have a corps of world-class economists who will train future generations.

NES is an independent, non-state, Russian educational institution that operates on the basis of joint cooperation between Russians and Westerners. This cooperation has been a key to its success. To date NES has been highly dependent on financing from abroad (most notably from the Soros, Eurasia and Ford Foundations). Efforts are now focused on raising a larger share of funds domestically. Operating as an independent institution in Russia is often a difficult and complex enterprise. The educational establishment in Russia still favors state institutions in a myriad of ways. But independence has its virtues: It is precisely from independent enterprises that innovation is most likely to arise.

It is clear that NES cannot train the 30,000 students that President Boris Yeltsin argues must be trained. But if the public and private sectors in Russia are willing to tolerate and support independent institutions, then perhaps President Boris Yeltsin can find some of what he is looking for right here on his doorstep.

Barry Ickes

Professor of Economics

at the Pennsylvania State University and a member of the International

Advisory Board of NES

Chorny Brothers

In response to "Reuben Denies Relations With Either Chorny," July 15.


We read with interest your column in The Moscow Times regarding your interview with David Reuben.

There is a major inaccuracy with regard to what Mr. Reuben said about the Chorny brothers, Mikhail and Lev.

On one hand, Lev Chorny has had and continues to have a close business relationship with Trans-World, contrary to your report. Mikhail Chorny, on the other, has his own separate business and has always been successful on his own.

Trans-World Group