The paper seeks to explore via a series of interview-based case studies asp
ects of the emergence of an entrepreneurial middle-class in Russia. The pap
er notes the origins of those studied in the professional or highly skilled
workers in the former Soviet Union. The paper reveals the complexity and f
ragility of the circumstances of these entrepreneurs and suggests that comm
entary in both Russia and the West that pins its hopes for social stability
on the emergence of a new property owning middle class in Russia are, at b
est, premature.