Transition

François Facchini ()
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François Facchini: UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: One of the most significant contributions of Austrian transition theory is to give special importance to the tacit knowledge contained in abstract rules and acquired by individuals when they use them. This explains why it is impossible to impose capitalism and the market economy by force. Transition takes place in the long term, the evolution of values ​​and mentalities.

Keywords: transition; Time; Entrepreneur; Change; Transition; Temps; Changement; Institution; Entrepreneur politique; Hayek; Entrepreneur en institution; Statu quo (search for similar items in EconPapers)
Date: 2011
Note: View the original document on HAL open archive server: https://hal.science/hal-05092533v1
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Published in L'Ecole Autrichienne de A à Z, 2011

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