Liberty, Politics, and the Process of Market Transformation in East Central Europe


This colloquium examined to what extent the systemic change from socialism to a free society in East Central Europe was under the control of policy makers, and why they made the kinds of decisions they did. In the course of this investigation, the conference explored the role of government in the creation of markets, and the relationship between institutions and culture.


Conference Readings

Anderson, Gary and Peter Boettke. "Soviet Venality: A Rent-Seeking Model of the Communist State." Public Choice 93, no. 1-2 (1997): 37-53.

Boettke, Peter, Christopher J. Coyne and Peter T. Leeson. "Institutional Stickiness and the New Developmental Economics." The American Journal of Economics and Sociology 67, no. 2 (April 2008): 331-358.

Caplan, Bryan. "Is Socialism Really Impossible?" Critical Review 16, no. 1 (2004): 33-52.

Colombatto, Enrico. "Is There an Austrian Approach to Transition?" The Review of Austrian Economics 15, no. 1 (2002): 61-74.

Dlouhy, Vladimir and Jan Mladek. "Privatization and Corporate Control in the Czech Republic ." Economic Policy 9, no. 19 (December 1994): 155-170.

Frydman, Roman and Andrzej Rapaczynski. Privatization in Eastern Europe: Is the State Withering Away?. Budapest: Central European University Press, 1994.

Glaeser, E. L., Rafael la Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer. "Do Institutions Cause Growth?" Journal of Economic Growth 9, no. 3 (September 2004): 1-31.

Hanousek, Jan and Randall K. Filer. "Lange and Hayek Revisited: Lessons from Czech Voucher Privatization." Cato Journal 21, no. 3 (Winter 2002): 491-498.

Klaus, Vaclav. "Systemic Change: The Delicate Mix of Intentions and Spontaneity." Cato Journal 14, no. 2 (1994): 171-177.

Klein, Daniel. "Liberty, Dignity, and Responsibility: The Moral Triad of a Good Society." The Independent Review 1, no. 3 (Winter 1997): 325-351.

Kluegel, James R., David S. Mason and Bernd Wegener. "The Legitimation of Capitalism in Postcommunist Transition: Public Opinion About Market Justice." European Sociological Review 15, no. 3 (September 1999): 251-283.

Pejovich, Svetozar. "Understanding the Transaction Costs of Transition: It's the Culture Stupid." The Review of Austrian Economics 16, no. 4 (December 2003): 347-361.

Pejovich, Svetozar. "On the Privatization of Stolen Goods in Central and Eastern Europe." Independent Review 10, no. 5 (2005): 209-229.

Zweynert, Joachim and Nils Goldschmidt. “The Two Transitions in Central and Eastern Europe and the Relation between Path Dependent and Politically Implemented Institutional Change.” Hamburg Institute of International Economics (March 2005): 1-33.