(DOWNLOAD) "On the Concept of Transition (Essay)" by Journal of Markets & Morality ~ Book PDF Kindle ePub Free
eBook details
- Title: On the Concept of Transition (Essay)
- Author : Journal of Markets & Morality
- Release Date : January 22, 2001
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 271 KB
Description
This article reassesses the meaning of transition. After a critical review of the traditional approach, it is argued that meaningful transition requires emphasis on the change of the institutional path-dependent process. In this light, the issue of transition may also apply to the West. Put differently, the notion of transition is here referred to a broader context than that acknowledged by the orthodox view and now includes the dynamics of power, the attitude toward risk and uncertainty within a civilization, and ideology. It is maintained that changes depend heavily on the opportunities for rent seeking, which may be enhanced or stifled by technological progress or other exogenous events. Introduction
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