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Motivation, Methodology, and Phenomenology of Institutional Nihilism in the SEE Countries

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  • Veselin Draskovic
  • Mimo Draskovic
  • Svitlana Bilan

Abstract

The subject of this paper is a critical analysis of the key negative phenomena, processes, and tendencies in the crisis environment of transition countries of the South East Europe (SEE), as well as the explanation of how to form and maintain the institutionally monistic order (of neoliberal type), which is metaphorically named institutional nihilism, because it represents the synergy of many destructive elements. The aim of this paper is to point out the fundamental causes and consequences of systemic and institutional failures. It starts with the basic hypothesis that these failures derive from the dominance of politics over economy and entire society, i.e. from the unprincipled implementation of the voting machinery principles. Two auxiliary hypotheses are also being tested: a) under the influence of strong alternative institutions, institutional nihilism has been created as a degeneration institutional order, which is the main cause of the long-term threat to development (social, economic, scientific, educational, cultural, and ethical); and b) dirigisme as institutional monism does not have to derive exclusively from the state (collectivist) sources, but can also derive from private (individual) sources. In this paper, these hypotheses are verified through implementation of general methods of social and economic sciences. It is concluded that phenomenology of institutional nihilism is the main cause

Suggested Citation

  • Veselin Draskovic & Mimo Draskovic & Svitlana Bilan, 2019. "Motivation, Methodology, and Phenomenology of Institutional Nihilism in the SEE Countries," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 15(2), pages 7-14.
  • Handle: RePEc:mje:mjejnl:v:15:y:2019:i:2:7-14
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    References listed on IDEAS

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    1. Veselin Draskovic & Mimo Draskovic, 2012. "Institutional Nihilism Of The Post-Socialist Transition," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 191-206.
    2. George Stigler, 1972. "Economic competition and political competition," Public Choice, Springer, vol. 13(1), pages 91-106, September.
    3. Mimo Draškovic & Sanja Bauk & Dalia Streimikiene & Veselin Draskovic, 2017. "Testing the Level of Alternative Institutions as a Slowdown Factor of Economic Development: the Case of Montenegro," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 19(45), pages 477-477, May.
    4. Robert Barro, 1973. "The control of politicians: An economic model," Public Choice, Springer, vol. 14(1), pages 19-42, March.
    5. Earle, John & Estrin, Saul & Leshchenko, Larisa, 1996. "Ownership structures, patterns of control and enterprise behavior in Russia," LSE Research Online Documents on Economics 20642, London School of Economics and Political Science, LSE Library.
    6. Gary S. Becker, 1983. "A Theory of Competition Among Pressure Groups for Political Influence," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 98(3), pages 371-400.
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