What Have We Learned from the Collapse of Communism?

Nicoara, Olga & Boettke, Peter. (2015). What Have We Learned from the Collapse of Communism?. Oxford Handbook of Austrian Economics. DOI:10.1093/oxfordhb/9780199811762.013.29.

Posted: 29 May 2019

See all articles by Olga Nicoara

Olga Nicoara

Ursinus College

Peter J. Boettke

George Mason University - Department of Economics

Date Written: November 2015

Abstract

Economy has undergone multiple stocktakings and revisions. In the former communist countries, Marxist economics was abandoned in favor of neoclassical economics, which dominated the profession in the West. But was neoclassical theory equipped to suggest adequate institutional arrangements in support of the transformations to capitalism in the former centrally planned economies of central and eastern Europe (C and EE) and the former Soviet Union (FSU)? What have economists working in the field of comparative political economy learned from the collapse of communism and the experience of transition so far? This chapter surveys the thoughts of leading transition scholars and assesses the new lessons learned in comparative transitional political economy.

Suggested Citation

Nicoara, Olga and Boettke, Peter J., What Have We Learned from the Collapse of Communism? (November 2015). Nicoara, Olga & Boettke, Peter. (2015). What Have We Learned from the Collapse of Communism?. Oxford Handbook of Austrian Economics. DOI:10.1093/oxfordhb/9780199811762.013.29. . Available at SSRN: https://ssrn.com/abstract=3382534

Olga Nicoara (Contact Author)

Ursinus College ( email )

601 E. Main Street
Collegeville, PA 19426
United States
5715940562 (Phone)

HOME PAGE: http://www.olganicoara.com

Peter J. Boettke

George Mason University - Department of Economics ( email )

4400 University Drive
Fairfax, VA 22030
United States
703-993-1149 (Phone)
703-993-1133 (Fax)

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