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Authoritarianism 1 Autoritarismus 1 Economic transition 1 Institutional change 1 Institutional economics 1 Institutional infrastructure 1 Institutionelle Infrastruktur 1 Institutioneller Wandel 1 Institutionenökonomik 1 Political reform 1 Politische Reform 1 Systemtransformation 1 Theorie 1 Theory 1
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Free 1
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English 1
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Polterovich, Victor 1
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CEMI RAS Working Paper 1
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Institutional Traps and Transition
Polterovich, Victor - 2011
Two myths have harmed many economies throughout the world. One is the theory of absolute advantage of central planning over the market mechanism, and the other is the belief that efficient markets develop spontaneously and quickly enough if appropriate economic legislation is established....
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