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The Political Economy of Transformation (German, Paperback, 1994 ed.)
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The Political Economy of Transformation (German, Paperback, 1994 ed.)
Series: Studies in Contemporary Economics
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Transformation has become the major puzzle of economics for the
last decade of this century, and not of economics alone: it has so
many ideological, cul- tural, juridical, social and political
ramifications that it will take some time to construct a framework
within which the process can be analyzed proper- ly. Economists
usually discern three major aspects of transformation, macro-
economic stabilization, institutional reform and restructuring.
Since transfor- mation was not only caused by political will, after
the demise of more or less totalitarian regimes, but also by a
manifest economic crisis, the success of the operation will be
judged by its ability to bring the transforming economies back on a
road of self-sustained economic growth. Macro-economic
stabilization is considered a precondition of growth as well as of
institutional reform and restructuring. It is theoretically
understood best, and can be implemented rather directly. This is
much less true of institutional reform and restructuring. Where
they are functioning well, competitive market economies have
emerged over a long period of time. Nowhere do they exhibit
theoretically pure forms, and economic theory does not understand
well the process oftheir constitution. However, it seems evident
that institutional reform is also mainly a task of policy. As for
restructuring, there is much less consensus that this is the case.
The schools of thought differ in their opinion about the role of
the state in guiding production and investment decisions.
General
Imprint: |
Physica-Verlag
|
Country of origin: |
Germany |
Series: |
Studies in Contemporary Economics |
Release date: |
March 1994 |
First published: |
February 1994 |
Editors: |
Hans-Jurgen Wagener
|
Dimensions: |
216 x 138 x 14mm (L x W x T) |
Format: |
Paperback - Trade
|
Pages: |
250 |
Edition: |
1994 ed. |
ISBN-13: |
978-3-7908-0738-7 |
Languages: |
German
|
Categories: |
Books >
Business & Economics >
Economics >
Political economy
|
LSN: |
3-7908-0738-9 |
Barcode: |
9783790807387 |
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