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The Political Economy of Property Rights: Institutional Change and Credibility in the Reform of Centrally Planned Economies (Political Economy of Institutions and Decisions)
 
 
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The Political Economy of Property Rights: Institutional Change and Credibility in the Reform of Centrally Planned Economies (Political Economy of Institutions and Decisions) [Hardcover]

David L. Weimer (Editor)

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Book Description

Political Economy of Institutions and Decisions April 13, 1997
The Political Economy of Property Rights investigates the transformation of property rights in post-communist countries and China. The movement to effective market economies requires the creation of more effective supporting institutions, especially systems of property rights that decentralize the control of economic resources. This process is inherently political, and thus should be studied from the perspective of political economy.

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Editorial Reviews

Review

"...recommended to anyone dealing with privatization strategies in the transformation economies or with the political economy of institutional change." Thomas Wagner, Journal of Institutional & Theoretical Economics

"...nothing could be more than a book on the interaction between the political insitutions of democracy and economic transformation. IThe Political Economy of Property Rights was the result of comparative studies made by the respective country specialists." Slavic Reviews

"This volume examines why the countries have followed the policy courses that they did. Weimer describes the basic principles of property rights, in particular, security against appropriation by others, emphasizes the close connection between private property and democracy, and then summarizes the other contributions. ...a major step toward developing such a full model, as it confronts the modesl with many empirical cases. We can then see what data and techiniques are most successful in testin the theory." Kenneth Koford, Journal of Comparative Economics

Book Description

The Political Economy of Property Rights investigates the transformation of property rights in post-communist countries and China. The movement to effective market economies requires the creation of more effective supporting institutions, especially systems of property rights that decentralize the control of economic resources. This process is inherently political, and thus should be studied from the perspective of political economy.

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Inside This Book (learn more)
First Sentence:
Property rights, the relations among people concerning the use of things, lie at the nexus of economics and politics. Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
security from trespass, majority employee ownership, credible property rights, informal privatization, nonparty basis, new property forms, billion koruna, such informal institutions, voucher price, federalist explanation, economic legality, nonparty elections, parliamentary fragmentation, distributional theory, local corporatist, local corporatism, ownership transformation, privatization accounts, enterprise insiders, mass privatization program, private enforcers, tax inspectorate, distributional advantage, distributional theories, small privatization
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Eastern Europe, East German, Soviet Union, Czech Republic, Supreme Soviet, West German, Cambridge University Press, Communist Party, New York, Pudong New Area, Russian Federation, Boris Yeltsin, Research Report, World Bank, American Economic Review, State Council, Congress of People's Deputies, Journal of Law, Ministry of Ownership Transformation, Basil Blackwell, Journal of Economic Perspectives, American Political Science Review, Coastal Open Cities, Slovak Republic, Steven Lewis
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