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Transformace, reforma a třetí cesta
[Reform, transition and the third way]

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  • Jiří Schwarz

Abstract

The command economy that the Czech Republic inherited from the communist system was considered unreformable. It seems as if the social and economic transition of ex-communist countries is necessary for their full inclusion among democratic countries with highly developed market economic systems. No new central European tiger has emerged since Erhard"s reform in the post-war West Germany, since welfare-statism also destroyed a genuine economic transition in the Czech Republic. Influential interest groups were able to interrupt the transition process and to stop it halfway in many areas. Political pressures to bring the Czech Republic closer to European Union's standards led to the passing of laws and government measures that were incompatible with the highly-regarded transition strategy. The development of public law at the expense of private law enforcement (in accordance with EU policy) led to the further expansion of bazaar capitalism in the Czech Republic.

Suggested Citation

  • Jiří Schwarz, 2003. "Transformace, reforma a třetí cesta [Reform, transition and the third way]," Politická ekonomie, Prague University of Economics and Business, vol. 2003(3), pages 407-421.
    • Handle: RePEc:prg:jnlpol:v:2003:y:2003:i:3:id:410
    DOI: 10.18267/j.polek.410
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    References listed on IDEAS

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    1. William A. Niskanen, 1991. "The Soft Infrastructure of a Market Economy," Cato Journal, Cato Journal, Cato Institute, vol. 11(2), pages 233-238, Fall.
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    More about this item

    Keywords

    voucher privatization; public law; law enforcement; vested interests; lobby groups; regulatory bodies; bazaar capitalism; social market economy; private law; transition; economic liberalization;
    All these keywords.

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B29 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Other
    • D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
    • K10 - Law and Economics - - Basic Areas of Law - - - General (Constitutional Law)
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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