In this article, it is argued that the economic and political transformation in Central and Eastern European countries towards the end of the twentieth century towards a market economy were irreversible and path dependent. The author discusses the importance of this issue for the success of...

In this paper, 'transitology' as a new direction in political and economic science is discussed. The concept of 'transitology' was developed based on theories of economic transformation from a centrally planned economy towards a market economy. In the context of the questions what might the...

Der Kollaps der sozialistischen Systeme in Mittel- und Osteuropa ist eines der herausragenden Ereignisse in diesem Jahrhundert. Die hierdurch implizierte Transformation ehemals sozialistischer Wirtschaftssysteme in Marktwirtschaften ist ohne historisches Vorbild. Am Beispiel der russischen...