After Socialism: Where Hope for Individual Liberty Lies
AbstractThe paper identifies the rule of law, the carriers of institutional restructuring, and the prevailing informal rules in the community as three critical determinants of the outcome of institutional restructuring in the community. The paper demonstrates that the analysis of the interaction among these three determinants â€“ a claim I call the interaction thesis â€“ explains why the transition from socialism to the market economy in postwar West Germany was a success, why the transition to capitalism in Eastern Europe is still uncertain, and why the use of economic policies based on neoclassical economics have produced the rising strength of pro-socialist parties. The conclusion is that the interaction thesis is a powerful and perhaps necessary method for the analysis of institutional changes and their causes, directions and consequences. Cet article identifie lâ€™Ã©tat de droit, les supports des rÃ©formes institutionnelles, et les rÃ¨gles communautaires informelles qui y sont prÃ©valent comme les trois facteurs explicatifs majeurs du succÃ¨s ou de lâ€™Ã©chec de la rÃ©forme institutionnelle dans un pays. Cet article dÃ©montre que lâ€™analyse de lâ€™interaction entre ces trois facteurs explicatifs â€“ ce que jâ€™appelle la thÃ¨se de lâ€™interaction â€“ explique, en premier lieu, le succÃ¨s de la transition du socialisme vers lâ€™Ã©conomie de marchÃ© en Allemagne de lâ€™Ouest de lâ€™aprÃ¨sguerre, ensuite pourquoi la transition vers le capitalisme en Europe de lâ€™Est demeure incertaine, et, enfin, pourquoi le recours Ã des politiques Ã©conomiques fondÃ©es sur la science Ã©conomique nÃ©oclassique a revigorÃ© les partis politiques Ã orientation socialiste. La conclusion est que la thÃ¨se de lâ€™interaction est une mÃ©thode fÃ©conde et peut-Ãªtre nÃ©cessaire pour analyser les changements institutionnels ainsi que leurs causes, leurs directions et leurs consÃ©quences.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal des Economistes et des Etudes Humaines.
Volume (Year): 11 (2001)
Issue (Month): 1 ()
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Web page: http://www.degruyter.com
Find related papers by JEL classification:
- K00 - Law and Economics - - General - - - General (including Data Sources and Description)
- P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General
- P30 - Economic Systems - - Socialist Institutions and Their Transitions - - - General
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- Zoran Stefanovic, 2005. "The Role of Institutions in the Process of Post-Socialist Transformation," Management, Information and Marketing Aspects of the Economic Development of the Balkan Countries, Department of Management and Informatics, University of National and World Economy, pages 138-145, November.
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