Government failure in transition process

Milan Žák

Prague Economic Papers, 1999, vol. 1999, issue 4

Abstract: The paper deals with the problem of government failure in a market economy, with special regard to transition economies. It starts from a wider concept of social forces. It criticizes a narrowed view of transition, typical for transition scenarios, limited only to mainstream economics and not covering the latest contributions of public choice theory and institutional economics. The traditional view of government failure has been further widened with the concept of utilization of political capital.

Keywords: government failure; transition process; mainstream; public choice; institutional economics; political capital (search for similar items in EconPapers)
Date: 1999
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DOI: 10.18267/j.pep.54

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