Institutions, Institutional Systems and Their Dynamics

Leszek Balcerowicz ()
Additional contact information
Leszek Balcerowicz: Warsaw School of Economics

Chapter 4 in The Palgrave Handbook of Comparative Economics, 2021, pp 67-90 from Springer

Abstract: Abstract This chapter starts with clarifying the basic concept: institutions, institutional systems and policies (Sect. 2). Section 3 compares the dynamics of a highly centralized system with highly decentralized one. Section 4 discusses four basic dimensions of institutional systems: mechanism of succession, civil rights, rule of law and economic rights. Based on that I sketch five main types of institutional regimes: socialism, quasi-socialism, liberal capitalism, quasi-liberal capitalism and crony capitalism. Section 5 discusses two major institutional transformations in the twentieth century: toward socialism and away from it. Section 6 presents an analytical scheme for discussing the determinants of liberal and statist economic transition in democracy. Section 7 focuses on the recent authoritarian transition after a free election.

Keywords: Institutions; Comparative systems; Socialism; Capitalism; Variety of capitalism (search for similar items in EconPapers)
Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-50888-3_4

Ordering information: This item can be ordered from
http://www.springer.com/9783030508883

DOI: 10.1007/978-3-030-50888-3_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().