On the concept of transition
This article tries to reassess the meaning of transition. After a critical review of the traditional approach, it is argued that meaningful transition requires emphasis on the change of the institutional path-dependent process. In this light, the issue of transition may also apply to the West. Put differently, the notion of transition is here referred to broader context than that acknowledged by the orthodox views, and now includes the dynamics of power, the attitude towards risk and uncertainty within a civilization and also ideology. It is maintained that changes depend heavily on the opportunities for rent seeking, which may be enhanced or stifled by technological progress or other exogenous events.
|Date of creation:||Nov 2000|
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- Barbara Krug, 1999. "On Custom in Economics: The Case of Humanism and Trade Regimes," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 155(3), pages 405-, September.
- Douglass C. North, 2000. "Big-Bang Transformations of Economic Systems - An Introductory Note," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 156(1), pages 3-, March.
- Francisco Rodriguez & Dani Rodrik, 1999. "Trade Policy and Economic Growth: A Skeptic's Guide to Cross-National Evidence," NBER Working Papers 7081, National Bureau of Economic Research, Inc.
- North, Douglass C., 1993.
"Economic Performance through Time,"
Nobel Prize in Economics documents
1993-2, Nobel Prize Committee.
- Charles I. Jones, 1999.
"Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run,"
NBER Working Papers
7375, National Bureau of Economic Research, Inc.
- Jones Charles I., 2001. "Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run," The B.E. Journal of Macroeconomics, De Gruyter, vol. 1(2), pages 1-45, August.
- Charles I. Jones, . "Was an Industrial Revolution Inevitable? Economic Growth Over the Very Long Run," Working Papers 99008, Stanford University, Department of Economics.
- Gary J. Miller, 1998. "Coalitional Instability and Institutional Transformation," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 154(4), pages 764-, December.
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