New Institutionalist Economics in the Post-Socialist Transformation Debate
AbstractThe paper suggests that there is a tension between the basic tenant of New Institutional Economics (NIB) 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 NIB: (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 NIB 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. Copyright 1998 by Blackwell Publishers Ltd
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Wiley Blackwell in its journal Journal of Economic Surveys.
Volume (Year): 12 (1998)
Issue (Month): 4 (September)
Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0950-0804
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- John Marangos, 2011. "Social Change versus Transition: The Political Economy of Institutions and Transitional Economies," Forum for Social Economics, Springer, vol. 40(1), pages 119-137, April.
- Marangos, John, 2006. "Developing a civilised society in transition economies: The Post Keynesian paradigm," The Journal of Socio-Economics, Elsevier, vol. 35(4), pages 660-681, August.
- Dic Lo, 2004. "Globalisation And Comparative Economics: Of Efficiency, Efficient Institutions, And Late Development," Working Papers 137, Department of Economics, SOAS, University of London, UK.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).
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.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.