IDEAS home Printed from https://ideas.repec.org/a/bla/jecsur/v12y1998i4p361-398.html
   My bibliography  Save this article

New Institutional Economics in the Post‐Socialist Transformation Debate

Author

Listed:
  • RUSSELL SMYTH

Abstract

The paper suggests that there is a tension between the basic tenant of New Institutional Economics (NIE) and the manner in which it has been applied in the debate on post‐socialist transformation. This tension is explored in the context of four main perspectives on NIE: (i) property rights, (ii) transaction costs economics, (iii) new economic history, and (iv) evolutionary economics. There are two main arguments. The first is that the transformation phase should be seen as ‘open‐ended’ rather than a ‘closed process’ where the ‘pure market’ is the inevitable end result. The second is that, although the NIE literature touches on most of the issues which are relevant to post‐socialist transformation, the insights that it offers are still too general for policy guidance.

Suggested Citation

  • Russell Smyth, 1998. "New Institutional Economics in the Post‐Socialist Transformation Debate," Journal of Economic Surveys, Wiley Blackwell, vol. 12(4), pages 361-398, September.
    • Handle: RePEc:bla:jecsur:v:12:y:1998:i:4:p:361-398
    DOI: 10.1111/1467-6419.00060
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-6419.00060
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-6419.00060?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:jecsur:v:12:y:1998:i:4:p:361-398. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.