The emergence and evolution of markets

Bibliographic Information

The emergence and evolution of markets

edited by Horst Brezinski and Michael Fritsch

E. Elgar, c1997

Available at  / 22 libraries

Search this Book/Journal

Note

European Association for Comparative Economic Studies

Includes indexes

Description and Table of Contents

Description

The Emergence and Evolution of Markets examines the development of markets based on empirical examples from Western economies and from the post-socialist economies of Eastern Europe. It provides an historical dimension to the present problems of transition.The Emergence and Evolution of Markets clearly demonstrates that liberalization, privatization and changes to formal institutions are not in themselves sufficient to create a successful market economy. In the first part, there is an analysis of general aspects of economic theory with regard to market evolution and an historical assessment of the development of markets. The authors then examine the experiences of some specific markets, including the telecommunications and stock markets to draw general conclusions. In part three they focus on the emerging market systems in post-socialist countries, particularly Kyrgyzstan and Bulgaria. In addition, the discussion offers an empirical analysis of the evolution of capital, currency and agricultural markets, emphasizing the importance of transaction costs and institutions in the development of these markets. This major book will prove invaluable to academics and policymakers interested in the areas of transition economics, political economy, and policy analysis.

Table of Contents

Contents: Foreword Part I: General Aspects Part II: Evolution of Markets: Experiences and Prospects from the West Part III: From Hierarchies to Markets: The Post-Socialist Experience Index

by "Nielsen BookData"

Details

Page Top