In this article, it is argued that the economic and political transformation in Central and Eastern European countries towards the end of the twentieth century towards a market economy were irreversible and path dependent. The author discusses the importance of this issue for the success of...

In this paper, “transitology” as a new direction in political and economic science is discussed. The concept of “transitology” was developed based on theories of economic transformation from a centrally planned economy towards a market economy. In the context of the questions what might...