Home  Journals  Finance and Credit  32 (368) – 2009 August

M. F. Orlov’s role in the financial science

Available online: 26 August 2009

Subject Heading: History pages

JEL Classification: 

Mikhail Fedorovich Orlov (1788–1842) is known as a participant of the domestic war (1812) and overseas campaigns of the Russian army (1813–1814), the mastermind and a member of antigovernment secret societies, the author of “The Theory of the State Credit”. Modern Russian financial science regards M.F. Orlov as the pioneer of the state credit concept in the world’s science. However, the present article highlights other, more significant, deserts of M.F. Orlov’s, such as applying scientific method in financial research, recognizing finance as an instrument of the revolutionary reform of the state policy, revealing the money mechanism of the exchange, speculative functioning and development of the state finance.

Keywords: M. F. Orlov, financial science, history, state finance

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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