A Note on the Transformation of Economic Systems

@inproceedings{Richter1999ANO,
  title={A Note on the Transformation of Economic Systems},
  author={Rudolf Richter},
  year={1999}
}
This paper deals with transformation issues along the line of constitutional economics. Transformation is considered to be a mix of top-down and bottom-up developments. Given such a mix, what is preferable, a rapid transformation of a former socialist economy into a free market economy or a more gradual one? This question is first discussed by use of the… CONTINUE READING