The Neoliberal Revolution in Eastern Europe: Economic Ideas by Paul Dragos Aligica, Anthony John Evans

By Paul Dragos Aligica, Anthony John Evans

Only a few stories have ventured to discover the shift in financial rules that have been one of these serious consider shaping and knowing the East eu transition technique. Paul Dragos Aligica and Anthony J. Evans have seized upon the capability that this significant case has to light up the bigger phenomenon of diffusion and adoption of financial principles. assorted yet comparable study agendas are built: the learn of the unfold of 'neoliberalism' as obvious from the point of view of jap eu post-communist evolutions and the examine of jap ecu transition as noticeable from an ideas-centered point of view. Combining a particular synthesis of the present info concerning the unfold of neoliberal monetary principles in critical and jap Europe with an research of the strategies at paintings, the authors problem a chain of misunderstandings and myths concerning the unfold of neoliberal financial rules. The disputed themes comprise: the parable of an jap eu rush to include the theories and concepts which may be thought of the mark of 'market fundamentalism'; the thought harsh 'neoliberal dogmatism' used to be by some means imposed at the quarter from open air; the concept that the standardization and regimentation of monetary pondering was once due to the the unfold of the Western method of doing economics; and the idea that the japanese Europeans passively embraced this uniformity and standardization because of strain from the Westerners. This strange synthesis will entice students in economics, political technological know-how, communist/post-communist stories and new institutionalism, in addition to policymakers.

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Additional info for The Neoliberal Revolution in Eastern Europe: Economic Ideas in the Transition from Communism (New Thinking in Political Economy)

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And thus, seen from a purely scientific perspective, the results of ‘the Eastern European Mainstream Marxist model’ were rather dim. As noted by one of the most astute analysts of the phenomenon: Looked at from the point of view of the universal history of economic theory, economics under communism has not produced any spectacular new insights, theorems, laws or controversies which have to be memorized by all students of economics like, for example, the Cambridge controversy, Say’s law, the Coase theorem or the Heckscher-Ohlin theory.

Latter revisions were suggested but by definition all those revisions represented just departures for the Leninist–Stalinist core. It is important to mention these aspects of the Marxist doctrine as many authors seem to take a rather casual position regarding what was supposed to be really believed and studied by the Eastern European economists before the advent of ‘neoliberalism’. Economic ideas 27 Finally, it is worth mentioning that Marx’s analysis stressed the unity of social science and the East European Marxists followed that lead.

What counted (and, actually, still does) for your academic career was mainly the number of publications – and this manifested itself in a huge numbers and volumes of ‘science’ produced each year. Needless to add that the overwhelming majority (would be safe to put the figure at least 96%) of it was ‘indigenous publications’ published within the Soviet Union, some of the rest – in the COMECON countries, and probably just about one percent – in the Western journals and collections of papers. (Cekanavicius, 2002, pp.

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