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Human Capital and Economic Progress in Eastern Europe

A Veblen-Ayres Perspective

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Institutional Economics

Abstract

Within the general perspective of institutional economics is embodied the technology-institutions dichotomy.1 The aspect of the literature on this subject that is explored in this paper is the process by which technological developments influence institutional change. This relatively applied focus builds on Gruchy’s observation that “Ayres does not ignore issues and policies, but he seems somewhat impatient with them. … There is no discussion of planning techniques or procedures. … Nor is there any discussion of the planning experience of such western democratic countries as France, Holland, Norway and Sweden. … His failure, however, to enlarge upon his views in this connection is a serious limitation of his instrumental economics.”2

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Endnotes

  1. For a summary of an important part of the relevant literature, see Warren J. Samuels, “Technology Vis-à-Vis Institutions in the JEI: A Suggested Interpretation,” Journal of Economic Issues 10 (December 1977): 871–95.

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  2. Allan G. Gruchy, Contemporary Economic Thought: The Contributions of Neo-Institutional Economics (Clifton, N. J.: Augustus M. Kelley, 1972 ), pp. 131–32.

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  3. James R. Elliott and Anthony E. Scaperlanda, “East Germany’s Liberman-type Reforms in Perspective,” Quarterly Review of Economics and Business 6 (Autumn 1966): 39–52; and Anthony E. Scaperlanda, “The Political Economy of Liberman-type Reforms,” Journal of Economic Issues 5 (March 1971): 77–85.

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  4. Gruchy, Contemporary Economic Thought, p. 106.

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  5. Wendell Gordon, Economics from an Institutional Viewpoint ( Austin, Texas: University Stores, 1973 ), p. 5.

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  6. Radoslav Selucky, Economic Reforms in Eastern Europe: Political Background and Economic Significance, Z. Elias, trans. (New York: Praeger, 1972 ), p. 4.

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  7. Kaplan, “Retardation,” pp. 295–96.

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  8. Bergson, “Current Soviet,” p. 61.

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  9. Ibid., p. 57; Kaplan, “Retardation,” p. 302; Shaffer, Economic Reforms

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  10. Selucky, Economic Reforms, p. 98.

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  11. Ibid., pp. 58–60.

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  12. Werner Feld, The European Common Market and the World (Englewood Cliffs, N. J.: Prentice-Hall, 1967 ), p. 41.

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  13. Selucky, Economic Reforms, pp. 70–71.

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  14. Elliott and Scaperlanda, “East Germany,”

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  15. Selucky, Economic Reforms, p. 32.

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  16. Thomas R. Baylis, “The New Economic System: The Role of Technocrats in the DDR,” originally in Survey (October 1966): 139–152 and reproduced in G. R. Feiwel (ed.), New Currents in Soviet-type Economics: A Reader ( Scranton, Pa.: International Textbook, 1968 ), pp. 534–547.

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  17. Selucky, Economic Reforms, p. 80.

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  18. Ibid., p. 81

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  19. Ibid., pp. 83–84.

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  20. Ibid., pp. 85, 89, 100, 108–109. Many ex-small producers were not enthusiastic about reform because they were already producing for the black market. Legalization of “free” markets would undercut black market profits.

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  21. Ibid., pp. 85, 88.

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  22. Ibid., p. 63.

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  23. Ibid., pp. 62–65.

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  24. Ibid., p. 109.

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  25. Ibid., p. 110.

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  26. Gruchy, Contemporary Economic Thought, p. 105.

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  27. Selucky, Economic Reforms, p. 67.

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  28. Gordon, Economics, p. 16.

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  29. Ibid., p. 23.

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  30. Gruchy, Contemporary Economic Thought, p. 105.

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© 1980 Martinus Nijhoff Publishing

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Scaperlanda, A. (1980). Human Capital and Economic Progress in Eastern Europe. In: Adams, J. (eds) Institutional Economics. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-8736-4_10

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  • DOI: https://doi.org/10.1007/978-94-009-8736-4_10

  • Publisher Name: Springer, Dordrecht

  • Print ISBN: 978-94-009-8738-8

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