Transition and Economics
Subtitle: Politics, Markets, and Firms (Comparative Institutional Analysis)
Edition: 1st edition
Publisher: The MIT Press
Published: August 21, 2000
Language: eng
Format: Hardcover
Number of pages: 368
ISBN-13: 9780262182034
Subjects: Capitalist or free market economies; Political economy; Socialism & left-of-centre democratic ideologies; Transitional economies; Economic Policy; Business & Economics; Business / Economics / Finance; Business/Economics; Eastern Europe; Development - Economic Development; Economics - General; General; Business & Economics / Economics / General; 1990-; Economic History; Economic aspects; Economics; Political aspects; Post-communism
First sentence: In his essay on economic policy and the political process, Avinash Dixit (1996) quotes Alan Blinder's "Murphy's Law of Economic Policy" (1987, p. 1): "Economists have the least influence on policy where they know the most and most agree; they have the most influence on policy where they know the least and disagree most vehemently."