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The Economics of Transition - The Fifth Nobel Symposium in Economics (Hardcover, 2006 ed.)
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The Economics of Transition - The Fifth Nobel Symposium in Economics (Hardcover, 2006 ed.)
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The transition from socialism to capitalism in the formerly
communist part of the world is a unique historical process of
large-scale institutional change, likely to be remembered as one of
the central economic events of the twentieth century. The
transition process raises fundamental questions about the workings
of the capitalist system and the dynamics of institutional change.
Transition sheds new light on these questions because it reveals
how the constitutive part of the capitalist system are built up at
various speeds, using different models, in varying order, and
starting from different initial conditions. This book is an
authoritative reader on the economics of transition and emphasizes
a view of transition that addresses broader areas of economics,
such as development, public finance, and economic history.
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