"In the last three decades since the fall of the Berlin Wall, there is a vast amount of study looking at transforming the planned economy to a market economy from both theoretical and empirical aspects. This book provides an overview and insight into transition economies in the recent decades...

"This book intends to be a contribution to the 'varieties of capitalism' paradigm. The theoretical background is Weber's theory of legitimacy. Was communism ever 'legitimate'? What kind of legitimacy claims were made in the transition from communism to capitalism? Central Europe was closer to...

In many transition countries, the collapse of communism ushered in language reforms to adapt to the newfound independence from the Soviet Union and openness to the rest of the world. Such reforms may have implications for individuals’ economic opportunities, since foreign language proficiency...

The authors of this outstanding scholarly work analyze the dynamics of disinflation in transition economies in Central and Eastern Europe. The volume covers all the key factors of this process: changes in money supply and money demand; exchange rate policy; currency crisis; fiscal policy; legal...

Cover -- How Capitalism Was Built -- Title -- Copyright -- Contents -- Tables and Figures -- Acknowledgments -- Abbreviations -- Introduction: A World Transformed -- OVERVIEW OF THE ARGUMENTS OF THIS BOOK -- Was It Possible to Build Well-Functioning Market Economies in a Few Years? -- Was It Not...

This work in progress considers the bargaining options of a natural gas transit country. The paper describes the situation with potential hold-up due to asset specific investments and the timing of the hold-up by the transit country