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The State and Two Revolutions: A Porperian Perspective

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  • Michael Keren

    (Department of Economics, Hebrew University of Jerusalem, Israel)

Abstract

Popper, in his Open Society and The Poverty of Historicism argued that planned institutional social changes may be successful, provided their architects know the structure of the relevant institutions and their interrelations and plan and execute their changes accordingly. The changes discussed in this paper are the two revolutions, the Communist one in 1917 and the one that ended the socialist economic system in the 1990s. The contention of this paper is that both failed because their architects did not and could not be aware of the pivotal role of state in the economic system, which was not known at the time of the revolutions.

Suggested Citation

  • Michael Keren, 2004. "The State and Two Revolutions: A Porperian Perspective," Homo Oeconomicus, Institute of SocioEconomics, vol. 21, pages 197-224.
    • Handle: RePEc:hom:homoec:v:21:y:2004:p:197-224
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