This paper develops a model of a representative transition economy to explain the stylised facts of output declines and real exchange rate appreciation in the early stages of transformation. These facts can be explained by supply-side shocks, interest rate liberalisation or a reduction in core...

Introduction -- Neutrality, equality, and liberalism / Ronald Dworkin -- Liberalism and law / Mark Sagoff -- How liberal is democracy? / Amy Gutmann -- Taking rights frivolously / Walter Berns -- Toward a liberal foreign policy / Marshall Cohen -- The legacies of new deal liberalism / Theda...