Creating Capitalism: Transitions and Growth in Post-Soviet Europe

By admin • Jul 8th, 2008 • Category: Economics

Creating Capitalism: Transitions and Growth in Post-Soviet Europe

Creating Capitalism: Transitions and Growth in Post-Soviet Europe
By Patricia Dillon, Frank C. Wykoff

Publisher: Edward Elgar Pub
Number Of Pages: 304
Publication Date: 2002-12
ISBN-10 / ASIN: 1840647337
ISBN-13 / EAN: 9781840647334
Binding: Hardcover

Employing historical analysis and building on growth theory and modern political economy, Dillon and Wykoff explain Soviet disintegration and analyze efforts to create capitalism in newly independent states. They show how five fundamental economic reforms generate growth, and use an original model to test the connections between reforms, elections and economic performance.

Summary: Great contrast with DeSoto
Rating: 5

By way of contrast with “The Mystery of Capitalism” by DeSoto, this book (read May 28) on this same topic is reviews events after the collapse of communism in Russia and details the movement toward capitalism. It looks at seven eastern European countries. It looks like it offers a more balanced view than the DeSoto book. There are good sections on the issue of property (p. 41) and how those issues are being fought over. In Russia, for example, they go over the various groups that have grabbed the property – ex- communists, mafias, etc.

Patient ants will eventually enjoy higher standards of living than impatient crickets. Optimum levels of consumption are below the maximum – must save for the future. Topics: why private markets work, growth models.

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