Government and Markets is the first book to tackle systematically and in a multidisciplinary fashion the role of democratic governments during and after the transition from plan to market. The role of governments during the transformation is important for eliminating the obstacles and putting into place the conditions for the emergence of a viable market economy. Moreover, governments need to play a key role in establishing a political-legal order that promotes political liberties and economic freedom. In contrast to other literature on the transformation process in formerly planned systems, this volume focuses also on the creation of autonomous and accountable governments as part of the liberal economic order. Finally, the volume analyzes the role of the legal state in creating a competitive market economy. Government and Markets addresses itself to scholars, politicians policy makers interested in the establishment of a democratic, competitive order in formerly planned political economic systems.

Inhalt

Editors' Preface. Foreword. 1. Government and Markets: an Introduction; B. Steunenberg, H.J. Blommestein. 2. Markets and Government in Advanced Market Economies: Experiences and Lessons; H.J. Blommestein. 3. Democracy within Constitutional Limits; J.M. Buchanan. 4. Democracy, Legal State, and Constitutional Change; H.M. de Jong, D.W.P. Ruiter. 5. Political Culture and Political Consolidation; M. Kaase. 6. The Economic Role of Government; R. Alter. 7. The Role of Government Institutions in the Process of Privatization; P.G. Hare, A. Canning, T. Ash. 8. Property Rights, Institutions, and Market Reform; H. Schmieding. 9. Privatization in Hungary: Implementation Issues and Local Government Complications; L.J. O'Toole, Jr. 10. Competition Policy and Privatization: an Organizational Perspective; J. Langenfeld, D.A. Yao. 11. The Role of Banks and Financial Markets in the Process of Privatization; T.M. Rubczynski. 12. Monetary and Fiscal Management During the Transformation; G. Kopits. 13. Financial Sector Reforms: Banking, Securities, and Payments; T.D. Lane. 14. Labor in Transition to a Market Economy; C. van Beers, J. Theeuwes. 15. Financial Management in the Health Sector; P.B. Boorsma, R.J.H.A. Crijns. Author Index. Subject Index.