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This paper aims to explain the rise and fall of communism by exploring the interplay between economic incentives and … ownership, and back to restoring market incentives. The grand experiment of communism is thus characterized to have led to the … long-run transitions from capitalism to communism and back observed in the course of the 20-th century, the model also …
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Eight essays connected by various common strands. The most important one is the community of the main subject-matter: socialism, capitalism, democracy, change of system. These four expressions cover four phenomena of great and comprehensive importance. Each piece in the book deals with these and...
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stehen. Finanz- und Währungskrisen werfen Schatten auf die wirtschaftliche Entwicklung in anderen Regionen der Welt. -- Die …
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Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment (FDI), the latter in turnbeing important for the...
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