49 research outputs found
Economics - Romania
Full text linkAnalysis of the pre-1989 situation; Redefinition of the discipline since 1990; Core theoretical and methodological orientations; Thematic orientation and funding; Public space and academic debates; Views on further development
The Ostroms on Self-Governance:The Importance of Cybernetics
Get PDFThe paper reveals a novel and perhaps surprising ingredient in the mix of influences that inspired and informed the work of Elinor and Vincint Ostrom on self-governance: cybernetics, understood as a theory of control via feedback mechanisms. Based on this crucial insight, the paper portrays self-governance as involving an architecture of multiple levels of so-called ‘second order’ feedback mechanisms. Such compounded systems of organisation are the key to understanding any self-governance process and the paper argues that their intrinsic logic provides a critical link between the work of the Ostroms and the public choice and constitutional political economy perspectives on institutional order. The paper thereby offers both a fresh perspective on the Ostromian view of self-governance and also of also of governance theory in general
Uncertainty, human action and scenarios
No full textAustrian economics, Scenario building, Analytic narratives,
First the Transition, Then the Crash: Eastern Europe in the 2000s. Ed. Garedi Dale. London: Pluto Press, 2011. vi, 271 pp. Notes. Bibliography. Index. Figures. Tables. Maps. $90.00, hard bound.
No full textPaul Hirst and Grahame Thompson: Globalization in question: the international economy and the possibilities of governance
Full text linkInstitutional analysis and economic development policy: notes on the applied agenda of the Bloomington School: Extending Peter Boettke and Christopher Coyne's Outline of the Research Program of the Workshop in Political Theory and Policy Analysis
No full textEconomic Liberalism and Its Rivals: The Formation of International Institutions among the Post-Soviet States. By Keith A. Darden. Cambridge and New York: Cambridge University Press, 2009. 366p. $83.00.
No full text
Soft Budget Constraints, Enterprise Restructuring, and Economic Reform Policy: The Cases of Bulgaria and Romania
No full textThis article uses the soft budget constraint (SBC) approach in order to explore an important facet of Romanian and Bulgarian economic reform experiences in the post-communist period. Comparative analysis framed on SBC lines reveals several major areas of convergence and divergence between the policies adopted by the two states, and explains the success and failure of solving the crucial problem of enterprise restructuring in these two countries. With these ends in view, the article outlines the notion of SBC and discusses its relevance for transition economies. It provides a brief overview of the ways in which various methods address and present the SBC problem. Finally SBC and enterprise restructuring in the context of general reform packages in Bulgaria and Romania are addressed in the light of the conceptual and analytic clarifications presented in the article.
