Conservative Political Philosophy and the Strategy of Economic Transition
Conservative Political Philosophy and the Strategy of Economic Transition

Summary/Abstract: Social science, especially economics, does not center its efforts on the processes of socioeconomic change, for its concern traditionally has been on end points: how to achieve the first-best Pareto efficient outcome rather than deciding which problem to solve first; the implications of behavior under rational expectations rather than the study of learning processes. This lack of emphasis on change has become increasingly apparent as scholars apply existing theories to the most momentous economic changes of our times-the Eastern European economic revolutions. [...]

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