INSTITUTIONAL NIHILISM AS A BASIS FOR ANTI-DEVELOPMENT POLICY

This paper discusses the causes and conditions that have disabled the pluralistic and even monistic acting of economic institutes in the practice of transitional countries and have led to their objective substitution by the quasi-institutes and meta-institutes of a sociopathological nature. It empha...

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Bibliographic Details
Published in:Montenegrin journal of economics 2012-01, Vol.8 (1), p.119
Main Authors: Veselin, Draskovic, Mimo, Draskovic
Format: Article
Language:English
Subjects:
Economic growth
Economic policy
Economic reform
Entrepreneurs
Growth models
Human capital
Hypotheses
Institutionalization
Liberalism
Neoliberalism
Nihilism
Property rights
Socialism
Society
State regulation
Studies
Transition economies
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Summary:This paper discusses the causes and conditions that have disabled the pluralistic and even monistic acting of economic institutes in the practice of transitional countries and have led to their objective substitution by the quasi-institutes and meta-institutes of a sociopathological nature. It emphasizes the primary significance of institutionalization for economic policy, as well as the negative effect of pseudo-institutes on economic policy and the valorisation of economic resources. The paper explains that the institute of civil society as an instrument of people protection from the government doesn't work universally. It's denied by variety of national, corporate and informal groups ("elites"), which are superior in wealth and power and limiting the individuals. The authors start from the hypothesis that the institutional nihilism is the main cause of unsuccessful post-social transition and anti-development and vulgarized neo-liberal economic policy. They also start from hypothesis that the neo-liberal myth about "mini" state was the interest cover by privileged individuals for their promotion and choice implementation.
ISSN:1800-5845
1800-6698