IDEAS home Printed from
   My bibliography  Save this article

Was there an optimum model of transition?


  • John Marangos


The aim of this paper is to develop and compare alternative models of transition using a political economy approach. As a result, five alternative models of transition are developed: the Shock Therapy, the Neoclassical Gradualist, the Post-Keynesian, the Pluralistic Market Socialist and the Non-pluralistic Market Socialist models of transition. An attempt is made to identify whether, from the models developed, an optimal model of transition existed. The optimality criterion tilts towards the neoclassical gradualist model. It can be argued that the neoclassical gradualist model maximised social welfare under the given internal and external constraints.

Suggested Citation

  • John Marangos, 2006. "Was there an optimum model of transition?," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 8(1/2), pages 133-160.
  • Handle: RePEc:ids:gbusec:v:8:y:2006:i:1/2:p:133-160

    Download full text from publisher

    File URL:
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.


    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Cezar Scarlat & Eugen I. Scarlat, 2007. "Theoretical Aspects of the Economic Transition: The Case of Romania," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 5(4), pages 307-331.


    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:ids:gbusec:v:8:y:2006:i:1/2:p:133-160. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: . General contact details of provider: .

    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: Sarah Parker (email available below). General contact details of provider: .

    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.