After the collapse of the Communist regimes, the countries of the former Soviet Union found themselves with only a very small amount of goods to supply to the global market. An economy of this type is nothing more than a 'necroeconomy.' Dead firms ('zombie-firms') do exist and 'successfully'...

How has the Great Recession shaped the institutional landscape of peripheral European market economies? Looking at the dynamic institutions of Romanian capitalism the paper finds evidence of the further transformation of this economy during the 2000s away from incoherent “cocktail...