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The Great Transition: The Dynamics Of Market Transitions And The Case Of Russia, 1991-1995, Jeffrey K. Hass

Sociology and Anthropology Faculty Publications

The market transition in Eastern Europe and the former Soviet Union brings us back to essential issues that Marx and Weber addressed: the genesis of capitalism and the process of economic change. What is the transition and what does it involve - restructuring incentives, creating new laws, learning new culture, or creating new power structures? The answer partially depends on the particular transition (initial conditions, targets, actors' perceptions); but necessary general frameworks remain elusive, and current economic policies and analyses reveal that we understand little more about economic change than a century ago. Recent works on market transitions have furthered …