Lin, Justin Yifu (contributor) - 2004 - [Elektronische Ressource]
Many transition policies, based on neoclassical economics, failed in Eastern Europe, the former Soviet Union, and China …. This paper argues that the failure is due to the viability assumption in neoclassical economics. Neoclassical economics … assumption, reform policies, based on neoclassical economics, focus on issues related to property rights, corporate governance …