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The paper deals with transformation of institutions and the new paradigm in economics, evolutionary economic theory …. First mainstream approaches to explain transformation (here called "transition") are criticised, then the conception of …
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increasing unhappiness which accompanied the transition process, including deteriorating public goods, rising inequality, income … satisfaction differentials between transition and non-transition economies. In this paper, I specifically examine the life … satisfaction gap between post-socialist and advanced countries and the role of political institutions in explaining this gap. My …
Persistent link: https://www.econbiz.de/10011387030
alternative institutions on economic behavior; Libecap said that "the new institutional economics retains its general attachment … rests: formal and informal institutions, property rights, and transaction costs. Then I develop the interaction thesis and …
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Since 1990, countries in emerging Europe and Central Asia have undergone comprehensive economic transformation. These reforms helped achieve an impressive degree of income convergence toward the levels of the advanced economies, although at the cost of rising inequality and lower life...
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