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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

    (George Mason University)

  • Peter T. Leeson

    (George Mason University)

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 fact"o realities underlying Soviet--type economies sheds light on the crucial role that market forces must be allowed to play in the process of transition. Copyright Institute of Economic Affairs 2003

Suggested Citation

  • 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
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    Cited by:

    1. 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.
    2. 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.
    3. 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.

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