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Government failure in transition process

Author

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  • Milan Žák

Abstract

The paper deals with the problem of government failure in a market economy, with special regard to transition economies. It starts from a wider concept of social forces. It criticizes a narrowed view of transition, typical for transition scenarios, limited only to mainstream economics and not covering the latest contributions of public choice theory and institutional economics. The traditional view of government failure has been further widened with the concept of utilization of political capital.

Suggested Citation

  • Milan Žák, 1999. "Government failure in transition process," Prague Economic Papers, Prague University of Economics and Business, vol. 1999(4).
    • Handle: RePEc:prg:jnlpep:v:1999:y:1999:i:4:id:54
    DOI: 10.18267/j.pep.54
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