This paper develops a simple model that helps understand an important fact concerning cross-country pattern of growth and institutions shown by BenYishay and Betancourt (2010). They show that civil freedoms, especially one of their components called Autonomy and Individual Rights, are more...

This paper suggests a broad concept of transition that is built upon the techno-economic paradigm framework, and defines transition as that institutional change process during which the 'match' between a new technology and institutions is attained. It is argued that the post-socialist transition...

This paper addresses the question of whether the Austrian theory of interventionism helps us understand what growth economists call decelerations or slowdowns. It is proposed that the theory of stagnation based on non-productive entrepreneurship Coyne et al. (Journal of Austrian Economics 23(4),...

Purpose Inspired by the debates among economists about the role of beliefs and informal institutions in economic development, the purpose of this paper is to derive and test different hypotheses about the ways beliefs about the market economy, institutions and policies, and productive...

A technológiai-gazdasági paradigmára épülő elmélet alkalmas elemzési keretet nyújt a technológiai és az intézményi változások összefonódásának megértésében. Csak lassú intézményi átalakulási folyamat során alakul ki az összhang az új technológia és az...