<link rid="b3">Commons ([1950] 1970</link>: 34) insisted that "economics should be the science of activity." In this tradition, the aim of this paper is to investigate the impact of farming interest groups on natural resource policy by using a comparative political economy approach. Special attention will be given to...

The term "Washington Consensus", as Williamson the father of the term conceived it, in 1989, was a set of reforms for economic development that he judged "Washington" could agree were required in Latin America. However, the Washington Consensus has been identified as a neoliberal manifesto and...

The collapse of the centrally administered economies gave rise to a transition process towards economic systems based on market relations. Nevertheless, the transition process is not restricted to the economic field. The political and ideological aspects of the transformation are fundamental. As...

A political economy approach to the neoclassical gradualist model of transition requires the exposition of what I define the primary elements of the model, which are economic analysis, definition of a good society, speed, political structure, ideological structure and whether the initial...

The neoclassical model of transition from a centrally-administered socialist economic system to a market-based economic system was implemented in Russia and Eastern Europe. The neoclassical process took the form of either shock therapy or gradualism. However, each approach actually involved a...

Williamson proposed the term ‘Washington Consensus’ to refer to the lowest common denominator of policy advice being addressed by the Washington based institutions. Owing to the considerable confusion about the term, I distinguish between two different versions of the term: the Washington...

As a contribution the Dialogue section of Development critiques of mainstream economics John Marangos looks at how shock therapies applied to transition economies in Central, Eastern Europe and the former Soviet Union were economic experiments that went disastrously wrong. They produced...

The aim of the paper is to investigate the relationship between institutions and development ethics. In a value context, the center of the discussion between institutions and development ethics is based on confronting ethics as "means of the means," which implies that ethics is not only...