Economic Theory
In: The Economic Journal, Band 75, Heft 300, S. 810
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In: The Economic Journal, Band 75, Heft 300, S. 810
In: The Economic Journal, Band 82, Heft 327, S. 1064
In: Revue économique, Band 21, Heft 6, S. 1017
ISSN: 1950-6694
In: Capitalism, nature, socialism: CNS ; a journal of socialist ecology, Band 12, Heft 4, S. 168-169
ISSN: 1045-5752
Wolff reviews 'Contemporary Economic Theory' edited by Andriana Vlachou.
In: Panoeconomicus: naučno-stručni časopis Saveza Ekonomista Vojvodine ; scientific-professional journal of Economists' Association of Vojvodina, Band 54, Heft 1, S. 103-118
ISSN: 2217-2386
In reality privatization has never occurred according to the handbook rules of ordinary market transactions. Not even in advanced market economies can privatization transactions be described by the Walrasian or Arrowian, or Leontiefian equilibrium models, or by the equilibrium models of the game theory. In these economies transactions of privatization take place in a fairly organic way ? which means that those are driven by the dominance of private property rights and in a market economy. But despite this fact Western privatization also some peculiar features as compared to ordinary company takeovers, since the state as the seller may pursue non ? economic goals. Changes in the dominant form of property change positions and status of many individuals and groups in the society. That?s why privatization can even less be explained by ordinary market mechanisms in transition countries where privatizing state-owned property have happened in a mass scale and where markets and private property rights weren't established at the time process of privatization began. In this paper I?ll discuss and analyze the phenomenon of privatization in context of different economic theories arguing that empirical results go in favor of the public choice theory (Buchanan, 1978), theory of "economic constitution" (Brennan and Buchanan 1985), (Buchanan and Tullock, 1989), and theory of "collective action" (Olson, 1982). These theories argues that transition from one economic system into another, for example transition from collectivistic, socialistic system into capitalism and free market economy with dominant private property, will not happen through isolated changes of only few economic institutions, no matter how deep that changes would be. In other words privatization can not give results if it's not followed by comprehensive change of economic system because privatized companied wouldn't be able to operate in old environment.
In: Peace research abstracts journal, Band 41, Heft 1, S. 19
ISSN: 0031-3599
In: Peace research abstracts journal, Band 40, Heft 4, S. 424
ISSN: 0031-3599
In: Peace research abstracts journal, Band 39, Heft 1, S. 36
ISSN: 0031-3599
In: Peace research abstracts journal, Band 38, Heft 6, S. 794
ISSN: 0031-3599
In: The Economic Journal, Band 89, Heft 355, S. 711
In: The Economic Journal, Band 78, Heft 312, S. 907
In: The Economic Journal, Band 77, Heft 307, S. 604
In: The Economic Journal, Band 75, Heft 297, S. 168