Developing a civilised society in transition economies: The Post Keynesian paradigm

Marangos, John

doi:10.1016/j.socec.2005.11.009

Cited by 5 publications

(1 citation statement)

References 40 publications

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“…A Post-Keynesian economic alternative transition process, explicitly considering the socio-cultural and political characteristics specifi c to each post-Communist society, has been proposed, though sparsely, in the literature. Marangos (2003bMarangos ( , 2004Marangos ( , 2005aMarangos ( , 2006 emphasized the importance of taking into account the inter-related nature of economic institutions and behaviour, and the inter-dependence between market relations and social relations, as well as the political aspects of transformation when shaping transition paths. That socio-economic realities and developments in the post-Communist societies of Central and Eastern Europe tend to actually support the Post-Keynesian approach and view of the behaviour of 'transitional' consumers is argued by Lah and Sušjan (1999).…”

Section: Re-assessing 'Transition': Combining the Post-keynesian Econmentioning

confidence: 99%

The transformation of post‐communist societies in Central and Eastern Europe and the Former Soviet Union: an economic and ecological sustainability perspective

Scrieciu

Stringer

2008

Eur. Env.

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Since the collapse of Communism in Central and Eastern Europe and the Former Soviet Union, the reform process has been considerably infl uenced by the neoclassical economic approach to transition. This has heavily emphasized competitive markets and economic liberalization measures per se, often ignoring the establishment of adequate institutional frameworks and resulting in high transition costs and the sidelining of environmental concerns. Alternative models of market transformations in post-Communist societies have been forwarded in the literature, though these have been arguably less infl uential. We explore the role of these economic ideologies in shaping transition paths, with a focus on the Post-Keynesian economic approach as an alternative to the neoclassical paradigm. We further propose a holistic approach to transition to account for appropriate institutional developments in the area of environmental sustainability. We argue that transition economies need to reconsider their 'market transformation' process in order to capitalize on their potential and mark their own contribution to positive shifts in sustainable development paradigms.

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Section: Re-assessing 'Transition': Combining the Post-keynesian Econmentioning

confidence: 99%