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Is There an Austrian Approach to Transition?

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  • Colombatto, Enrico

Abstract

This paper discusses the meaning of the term "transition" and its implications for policy making. It is suggested that an Austrian view would enhance a better understanding of what has been happening in Central and Eastern Europe in the past decade. Within this framework, the analysis should be based on three criteria: acquisition of knowledge, individual responsibility, free entry. It concludes that future transition analysis should devote more attention to the way a number of subjectivistic features drive institutional change, as well as to the features of the new opportunity sets made available to individuals. Copyright 2002 by Kluwer Academic Publishers

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  • Colombatto, Enrico, 2002. "Is There an Austrian Approach to Transition?," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 15(1), pages 61-74, January.
    • Handle: RePEc:kap:revaec:v:15:y:2002:i:1:p:61-74
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    Cited by:

    1. Alexander Libman, 2006. "Government-Business Relations and Catching Up Reforms in the CIS," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 3(2), pages 263-288, December.
    2. Jürgen Wandel, 2011. "Business groups and competition in post-Soviet transition economies: The case of Russian “agroholdings”," The Review of Austrian Economics, Springer;Society for the Development of Austrian Economics, vol. 24(4), pages 403-450, December.
    3. Dimiter Ialnazov & Nikolay Nenovsky, 2010. "The evolution of post-communist countries: An interpretation from the perspective of cooperation," ICER Working Papers 03-2010, ICER - International Centre for Economic Research.
    4. Rungsuriyawiboon, Supawat & Lissitsa, Alexej, 2006. "Agricultural Productivity Growth In The European Union And Transition Countries," IAMO Discussion Papers 14903, Institute of Agricultural Development in Transition Economies (IAMO).
    5. Dimiter Ialnazov & Nikolay Nenovsky, 2011. "A Game Theory Interpretation of the Post-Communist Evolution," Journal of Economic Issues, Taylor & Francis Journals, vol. 45(1), pages 41-56.
    6. Rungsuriyawiboon, Supawat & Lissitsa, Alexej, 2006. "Agricultural productivity growth in the European Union and transition countries [Produktivitätsentwicklung in der Landwirtschaft in der Europaischen Union und in den Transformationsländern]," IAMO Discussion Papers 94, Leibniz Institute of Agricultural Development in Transition Economies (IAMO).
    7. Petar Chobanov & Amine LAHIANI & Nikolay NENOVSKY, 2010. "Money Market Integration and Sovereign CDS Spreads Dynamics in the New EU States," LEO Working Papers / DR LEO 1253, Orleans Economics Laboratory / Laboratoire d'Economie d'Orleans (LEO), University of Orleans.
    8. Tran, Hien Thu & Santarelli, Enrico, 2018. "Successful Transition to a Market Economy in Vietnam: An Interpretation from Organizational Ecology Theory," GLO Discussion Paper Series 181, Global Labor Organization (GLO).
    9. repec:phd:pjdevt:pjd_2003_vol__xxx_no__2-e is not listed on IDEAS

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