Capitalism theory in Central Eastern Europe. A critical review

Abstract

At the beginning of the new century, a fundamental shift in the analysis of the political economy of Central and Eastern Europe occurred. The analysis moved away from a simple, more-or-less monolithic view of the transition from a planned to a market economy, with variations in the extent, speed, and role of historic legacies, towards attempts to grasp the patterns of institutional consolidation.  This shift was accompanied by a recombination of theoretical ideas and approaches showing the limits of the original approaches and new insights, whose implications might extend beyond the post-communist space.