Prague Economic Papers 1999, 8(4) | DOI: 10.18267/j.pep.54

Government failure in transition process

Milan Žák

The paper deals with the problem of government failure in a market economy, with special regard to transition economies. It starts from a wider concept of social forces. It criticizes a narrowed view of transition, typical for transition scenarios, limited only to mainstream economics and not covering the latest contributions of public choice theory and institutional economics. The traditional view of government failure has been further widened with the concept of utilization of political capital.

Keywords: government failure, transition process, mainstream, public choice, institutional economics, political capital

Published: January 1, 1999  Show citation

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Žák, M. (1999). Government failure in transition process. Prague Economic Papers, 8(4), . doi: 10.18267/j.pep.54
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