Market and Democracy? Freinds or Foes?

Research output: Working paper/PreprintDiscussion paper

Abstract (may include machine translation)

The postmodern realities of the turn of the century make it next to impossible to formulate unambiguous causal relationships between individual phenomena. The more complex these are, the harder it is to prove the existence of causality as well as the working of the algorithms and mechanisms through which the causeconsequence relationship functions. In our case neither democracy nor the market can be taken as clearly defined concepts or categories, elementary facts that could easily fit into one of our econometric models. Thus it is unsurprising if their interrelationship counts among the evergreens of economic theory and political science alike, especially in the development context. The situation is further complicated by the complexities of postsocialist transformation, which presents a series of novel or partly novel theoretical and policy issues2 that add to the challenge of Central- and East European developmental catchup and modernisation. It is in this peculiar context that the interrelationships between democracy and the market, both interpreted according to the classical liberal tradition3 is going to be scrutinized, with keeping an eye on the Russian/Baltic experiences in the 90s. As proper elaboration of the subject would require a monograph, I shall restrain the discussion to seven thesis.
Original languageEnglish
Place of PublicationFrankfurt
PublisherEuropa-Universität Viadrina Frankfurt
Number of pages12
StatePublished - 1997
Externally publishedYes

Publication series

NameFIT Arbeitsberichte = FIT discussion papers
No.97/7
ISSN (Print)1431-0708

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