Can property regimes be successfully transformed while
simultaneously extending citizenship rights to the property-less?
This is the postsocialist challenge analyzed in this comparative
study of the new democracies of a distinctly East European
capitalism. Tracing the diverse pathways from the collapse of
communism, a leading American economic sociologist and a pioneering
Hungarian political scientist examine the innovative character,
born of necessity, of postsocialist institutions in which actors
are recombining economic assets and redefining political resources.
Under conditions of extraordinary uncertainty, networks of
enterprises become the units of economic restructuring, blurring
the boundaries of public and private and yielding distinctive
patterns of interorganizational ownership. In contrast to calls to
liberate the market or to liberate the state, this sustained
comparative analysis demonstrates the benefits of deliberative
institutions that are neither market friendly nor hierarchical. By
extending accountability, actors bound through associative ties
make agreements that extend the authority to carry out reforms.
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