Creating Capitalism: Transitions and Growth in Post-Soviet Europe

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Edward Elgar, 2002 - Business & Economics - 328 pages
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Employing historical analysis and building on growth theory and modern political economy, Dillon and Wykoff explain Soviet disintegration and analyze efforts to create capitalism in newly independent states. They show how five fundamental economic reforms generate growth, and use an original model to test the connections between reforms, elections and economic performance.

The authors examine the progress of six countries (Bulgaria, Czech Republic, Estonia, Hungary, Russia and Slovakia) in terms of each country's history and its successful application of the five reforms. Anyone interested in how capitalism works and why pro-market reforms encounter resistance in spite of their potential for generating higher living standards will find this book essential reading.

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The withering away of communism
List of figures
The political economy of reform

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About the author (2002)

Patricia Dillon, Gabrielle Jungels-Winkler Professor of Contemporary European Studies and Professor of Economics, Scripps College, US and Frank C. Wykoff, Eldon Smith Professor of Economics, Pomona College, US

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