Liberalism and the Economic Order

Liberalism and the Economic Order

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With the collapse of communist totalitarianism, the countries of Eastern Europe and the former Soviet Union face political instability and an uncertain economic future. The people of the region are struggling to emulate the success of the West by moving toward Western-style democracy and markets. The essays in this volume address the liberal transition currently underway. Some of them explore the models offered by political theorists to guide the course of reforms. Some discuss obstacles to change posed by existing attitudes, institutions and cultural traditions. Some examine the nature of liberalism itself, and consider whether democratic politics and free-market economics can coexist without undermining one another. Some offer alternatives to specific Western institutions, arguing that in certain cases it would be unwise for the East to follow the West. Addressing the issues from a variety of perspectives, the contributors to this volume offer valuable insights into the nature of liberalism and the problems facing liberal reformers today.
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Product details

  • Electronic book text
  • Cambridge University Press (Virtual Publishing)
  • Cambridge, United Kingdom
  • 1139243403
  • 9781139243407

Table of contents

Introduction; Acknowledgments; List of contributors; 1. The social market economy Norman Barry; 2. From post-communism to civil society: the reemergence of history and decline of the western model John Gray; 3. Asymmetrical reciprocity in the market exchange: implications for economies in transition James M. Buchanan; 4. Institutions, nationalism and the transition process in Eastern Europe Svetozar Pejovich; 5. The economic and political liberalisation of Socialism: the fundamental problem of property rights William H. Riker and David L. Weimer; 6. Democracy, markets and the legal order: notes on the nature of politics in a radically liberal society Don Lavoie; 7. Liberalism: political and economic Russell Hardin; 8. Socialism and the extension of democracy Richard J. Arneson; 9. Liberalism, welfare economics and freedom Daniel M. Hausman; 10. Some rules of constitutional design Peter C. Ordeshook; 11. The morality of inclusion Allen Buchanan; 12. A new contractarian view of tax and regulatory policy in the emerging market economies Robert H. Frank; 13. Associations and democracy Joshua Cohen and Joel Rogers; Index.
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