Government and Markets Establishing a Democratic Constitutional Orde
Government and Markets is the first book to tackle systematically and in a multidisciplinary fashion the role of democratic governments during and after the transition from plan to market. The role of governments during the transformation is important for
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International Studies in Economics and Econometrics VOLUME 32
Government and Markets Establishing a Demoeratie Constitutional Order and a Market Eeonomy in Former Socialist Countries edited by
Hendrikus J. Blommestein University of Twente, Netherlands Centre for Seeurity and Co-operation in Europe
and
Bernard Steunenberg University of Twente, Faeulty of Publie Administration and Publie Poliey
,• Springer-Science+Business Media, B.V.
Library of Congress Cataloging-in-Publication Data establishlng a democratic constltutional Government and markets order and a market economy in former social ist countrles / edited by Hendrlkus J. Blommestein and Bernard Steunenberg. p. cm. -- IInternatlonal studles in economlCS and econometrlcs ; v. 32) Includes indexes. 1. Europe, Eastern--Economlc policy--1989- 2. Free enterprlse-Europe, Eastern. 3. Post-communism--Europe, Eastern. 4. Europe, Eastern--Polltlcs and government--1989- 5. Democracy--Europe, Eastern. I. BIommestein, H. J., 195011. Steunenberg, Bernard. 111. Series. HC244.G64 1994 338.947--dc20 94-30156
ISBN 978-90-481-4455-6
ISBN 978-94-015-8366-4 (eBook)
DOI 10.1007/978-94-015-8366-4
Printed on acid-free paper
All Rights Reserved
© 1994 Springer Science+Business Media Dordrecht Origina11y published by Kluwer Academic Publishers in 1994. Softcover reprint ofthe hardcover 1st edition 1994 No part of the material protected by this copyright notice may be reproduced or utilized in any form or by any means, electronic or mechanical, including photocopying, recording or by any information storage and retrieval system, without written permission from the copyright owner.
Contents
Editors' Preface
vii
Foreword
IX
Contributing Authors
xi
Government and Markets: An Introduction Bernard Steunenberg and Hendrikus 1. Blom11U:'stein
2
Markets and Government in Advanced Market Economies: Experiences en Lessons Hendrikus l. BIommestein
3
Democracy within Constitutional Limits lames M. Buchanan
39
4
Democracy, Legal State, and Constitutional Change Huib M. de long and Dick w.P. Ruiter
49
5
Political Culture and Political Consolidation Max Kaase
71
6
The Economic Role of Government Rolf Alter
7
The Role of Government Institutions in the Process of Privatization Paul G. Hare, Anna Canning and Timothy Ash
8
Property Rights, Institutions, and Market Reform Holger Schmieding
15
115
129 159
vi
Contents
9
Privatization in Hungary: Implementation Issues and Local Government Complications Laurence J. O'Toole, Jr.
175
10
Competition Policy and Privatization: An Organizational Perspective Jarnes Langen/eid and Dennis A. Yao
195
11
The Role of Banks and Financial Markets in the Process of Pri v atization Tad M. Rybczynski
219
12
Monetary and Fiscal Management During the Transformation George Kopits
231
13
Financial Sector Reforms: Banking, Securities, and Payments Timothy D. Lane
247
14
Labor in Transition to a Market Economy Cees van Beers and Ju/es Theeuwes
269
15
Financial Management in the Health Sector Peter B. Boorsma and Ron
