Understanding the Transaction Costs of Transition: it's the Culture, Stupid

Svetozar Pejovich ()

The Review of Austrian Economics, 2003, vol. 16, issue 4, 347-361

Abstract: The process of transition in Central and Eastern Europe from socialism to capitalism is a cultural issue rather than a mere technical one. To support this proposition, economic analysis must explain why and how informal rules affect the results of transition. Copyright Kluwer Academic Publishers 2003

Keywords: transition economies; Central and Eastern Europe; culture; transaction costs (search for similar items in EconPapers)
Date: 2003
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Citations: View citations in EconPapers (54)

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DOI: 10.1023/A:1027397122301

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