Imitation Of The Postsocialistics Institutionalization

Veselin Draskovic

Montenegrin Journal of Economics, 2006, vol. 2, issue 4, 49-70

Abstract: The work talks about significance of a real institutionalization for some postsocialist countries in which its imitations had been reproduced, due to which pseudo-institutes had destructive effect on valorization of business resources. By explaining causes and consequences of many restraints and delusions of institutionalization, one is trying to prove a) that institutionalization cannot be developed on its own contrasts and b) that experience of post-socialist economies shows that economic freedoms and democracy are commonly needed, but not a sufficient condition for establishment of effective economic institutes, which could be developed only in conditions of the dominance of effective private owners as mass appearance. Starting from the logical presumption that people do not have anything against becoming owners of private property and economically free, the author is looking for causes of slow institutionalization, including institutional adaptation, in the fact that variety of social pathology reached the climax just in the period of transition. In this sense, words of Gerard F. Cavanagh seem alarming that none human institute cannot exist for long without a stable consent on what is ethically correct, and what is wrong.

Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:mje:mjejnl:v:2:y:2006:i:4:p:49-70

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