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Is There an Austrian Approach to Transition?

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  • Colombatto, Enrico

Abstract

This paper discusses the meaning of the term "transition" and its implications for policy making. It is suggested that an Austrian view would enhance a better understanding of what has been happening in Central and Eastern Europe in the past decade. Within this framework, the analysis should be based on three criteria: acquisition of knowledge, individual responsibility, free entry. It concludes that future transition analysis should devote more attention to the way a number of subjectivistic features drive institutional change, as well as to the features of the new opportunity sets made available to individuals. Copyright 2002 by Kluwer Academic Publishers

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  • Colombatto, Enrico, 2002. "Is There an Austrian Approach to Transition?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(1), pages 61-74, January.
    • Handle: RePEc:kap:revaec:v:15:y:2002:i:1:p:61-74
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    Cited by:

    1. Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 403-450, December.
    2. Rungsuriyawiboon, Supawat & Lissitsa, Alexej, 2006. "Agricultural Productivity Growth In The European Union And Transition Countries," IAMO Discussion Papers 14903, Institute of Agricultural Development in Transition Economies (IAMO).
    3. Rungsuriyawiboon, Supawat & Lissitsa, Alexej, 2006. "Agricultural productivity growth in the European Union and transition countries [Produktivitätsentwicklung in der Landwirtschaft in der Europaischen Union und in den Transformationsländern]," IAMO Discussion Papers 94, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    4. Dimiter IALNAZOV & Nikolay NENOVSKY, 2010. "The Evolution of Post-Communist Countries: An Interpretation from the Perspective of Cooperation," LEO Working Papers / DR LEO 1600, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    5. Fu-Lai Yu, Tony, 2004. "Toward a Cognitive Perspective on Transition," Philippine Journal of Development PJD 2003 Vol. XXX No. 2-e, Philippine Institute for Development Studies.
    6. Peter Chobanov & Amine Lahiani & Nikolay Nenovsky, 2010. "Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States," William Davidson Institute Working Papers Series wp1002, William Davidson Institute at the University of Michigan.
    7. Alexander Libman, 2006. "Government-Business Relations and Catching Up Reforms in the CIS," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 263-288, December.
    8. Dimiter Ialnazov & Nikolay Nenovsky, 2011. "A Game Theory Interpretation of the Post-Communist Evolution," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(1), pages 41-56.
    9. Tran, Hien Thu & Santarelli, Enrico, 2018. "Successful Transition to a Market Economy in Vietnam: An Interpretation from Organizational Ecology Theory," GLO Discussion Paper Series 181, Global Labor Organization (GLO).

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