The Socio-Economic Transformation

SCOTT L. BAIER The John E. Walker Department of Economics, Clemson University, South Carolina, USA GERHARD GLOMM Economics Department, Indiana University at Bloomington, Indiana, USA THORVALDUR GYLFASON Department of Economics, University of Iceland, Iceland LEONARD HURWICZ College of Liberal Arts, University of Minnesota, USA MIKHAIL MIKHALEVICH Ukrainian Academy of Foreign Trade, Kiev, Ukraine JEAN-LUC SCHNEIDER Ministere de l'Aeconomie et des Finances, Paris, France PHILIPP J.H. SCHRA-DER Aarhus School of Business, Denmark MILAN ZELENY Fordham University, New York, USA

Transition economies offer a test case for concepts and theories, for broader ideas and for the methods of scientific enquiry, but also for the multiplicity of ideological interpretations. This volume addresses the major issues of transformation, institutional design, the redistribution paradigm and the macroeconomic decisions to be made.Transition economies offer a test case for concepts and theories, for broader ideas and for the methods of scientific enquiry, but also for the multiplicity of ideological interpretations. This volume addresses the major issues of transformation, institutional design, the redistribution paradigm and the macroeconomic decisions to be made.