Oizerman was a member of the Russian Academy of Sciences from 1981 until his death.

He received an honorary doctorate, from the University of Jena in 1979 and the USSR State Prize in 1983.

In 1979 Oizerman was awarded the Plekhanov prize for the monograph The main Trends in Philosophy.

[3] Following the 1991 break-up of the Soviet Union, Oizerman moved towards social democratic, anti-Leninist positions.

He viewed Lenin's interpretation and application of the ideas of Karl Marx and Friedrich Engels in the Russian Revolution as incorrect, and believed Lenin's view led towards oligarchy rather than the victorious establishment of the dictatorship of the proletariat.