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Toward a More General Theory of Transformation

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  • Bernhard Seliger

Abstract

Scientific interest in studying the problems of the transformation of economic systems remains high more than ten years after the revolutionary changes in Central and Eastern Europe (CEE). At the same time, transformation theory has revealed several problems that are not possible to solve using mainstream economic theory. A reformulation of transformation theory is proposed, using the discussion of the Ordnungsproblem by the German ordo-liberals, the Austrian tradition, especially the evolutionary competition process for institutions, new institutional economics (NIE), and public choice as the main ingredients. Such a theory could also be applied to transformation processes apart from those in CEE.

Suggested Citation

  • Bernhard Seliger, 2002. "Toward a More General Theory of Transformation," Eastern European Economics, Taylor & Francis Journals, vol. 40(1), pages 36-62, January.
    • Handle: RePEc:mes:eaeuec:v:40:y:2002:i:1:p:36-62
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    Cited by:

    1. Girginov, Vassil & Sandanski, Ivan, 2008. "Understanding the Changing Nature of Sports Organisations in Transforming Societies," Sport Management Review, Elsevier, vol. 11(1), pages 21-50, May.
    2. McLennan, Char-lee J. & Ritchie, Brent W. & Ruhanen, Lisa M. & Moyle, Brent D., 2014. "An institutional assessment of three local government-level tourism destinations at different stages of the transformation process," Tourism Management, Elsevier, vol. 41(C), pages 107-118.

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