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Is The Transition To The Market Too Important To Be Left To The Market?

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  • Peter J. Boettke
  • Peter T. Leeson

Abstract

Most models of Central and Eastern European transition fail to appreciate the de facto organising principles that governed life in the Soviet‐type system. Concentration has instead been focused on the de jure pronouncements of what constituted these systems. It is this misidentification, we contend, that has caused the major problems for economists devising strategies for reform. Proper appreciation of the de facto realities underlying Soviet‐type economies sheds light on the crucial role that market forces must be allowed to play in the process of transition.

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  • Peter J. Boettke & Peter T. Leeson, 2003. "Is The Transition To The Market Too Important To Be Left To The Market?," Economic Affairs, Wiley Blackwell, vol. 23(1), pages 33-39, March.
    • Handle: RePEc:bla:ecaffa:v:23:y:2003:i:1:p:33-39
    DOI: 10.1111/1468-0270.00398
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    References listed on IDEAS

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    1. Richard E. Ericson, 1991. "The Classical Soviet-Type Economy: Nature of the System and Implications for Reform," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 11-27, Fall.
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    Cited by:

    1. Judit KAPà S & Pál CZEGLÉDI, 2007. "What Does Transition Mean?: Post-socialist and Western European Countries Paralleled," The Journal of Comparative Economic Studies (JCES), The Japanese Society for Comparative Economic Studies (JSCES), vol. 3, pages 3-28, December.
    2. Peter Boettke, 2014. "Entrepreneurship, and the entrepreneurial market process: Israel M. Kirzner and the two levels of analysis in spontaneous order studies," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 27(3), pages 233-247, September.
    3. Ion Sterpan & Paul Dragos Aligica, 2015. "Transitions to Open Access Orders and Polycentricity: Exploring the Interface between Austrian Theory and Institutionalism," Advances in Austrian Economics, in: New Thinking in Austrian Political Economy, volume 19, pages 145-166, Emerald Group Publishing Limited.
    4. Peter J. Boettke, 2003. "Milton and Rose Friedman's \"Free to Choose\" and its impact in the global movement toward free market policy: 1979-2003," Proceedings, Federal Reserve Bank of Dallas, issue Oct, pages 137-152.
    5. Peter J. Boettke & Rosolino A. Candela, 2020. "Productive specialization, peaceful cooperation and the problem of the predatory state: lessons from comparative historical political economy," Public Choice, Springer, vol. 182(3), pages 331-352, March.

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