Developing a civilised society in transition economies: The Post Keynesian paradigm |
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| Institution: | 1. Hematology and Medical Oncology Department, Hospital Clínico Universitario, INCLIVA Biomedical Research Institute, Valencia, Spain;2. Hematology Department, Hospital Clínic, IDIBAPS, Barcelona, Spain;3. Hematology Department, Hospital del Mar, IMIM, Barcelona, Spain;4. Hematology Department, Hospital La Fe, Valencia, Spain;5. Department of Medicine, School of Medicine, University of Valencia, Valencia, Spain;1. Department of Anesthesiology, University of Rochester School of Medicine and Dentistry, Rochester, New York;2. Focus Biocom, Durango, Colorado;3. LORA Group, LLC, Royal Oak, Maryland;4. Department of Anesthesiology, Brigham & Women''s Hospital, Boston, Massachusetts;5. Department of Anesthesia, Tufts University, Boston, Massachusetts;6. Analgesic Solutions, Natick, Massachusetts;7. United States Food and Drug Administration, Silver Spring, Maryland;11. Department of Psychiatry and Behavioral Sciences, Johns Hopkins University School of Medicine, Baltimore, Maryland;12. Departments of Anesthesiology and Psychiatry, University of Pittsburgh School of Medicine, Pittsburgh, Pennsylvania;8. Department of Anesthesiology and Pain Medicine, University of Washington, Seattle, Washington;9. Departments of Anesthesiology and Neurology, and Center for Human Experimental Therapeutics, University of Rochester School of Medicine and Dentistry, Rochester, New York;1. Hydro-environmental Research Centre, School of Engineering, Cardiff University, Cardiff CF24 3AA, UK;2. State Key Laboratory of Hydroscience and Engineering, Tsinghua University, Beijing 100084, China;1. Petrobras, CENPES – Research and Development Center, Rio de Janeiro, Brazil;2. Department of Mechanical Engineering, Pontifical Catholic University of Rio de Janeiro, Rio de Janeiro, Brazil;3. Department of Civil and Environmental Engineering, University of Illinois, Urbana, IL 61801, USA;1. Barcelona Institute for Global Health (ISGlobal), Hospital Clínic—Universitat de Barcelona, Barcelona 08036, Spain;2. Centro de Investigação em Saude de Manhiça, Maputo, Mozambique;3. Preventive Medicine and Epidemiology Department, Hospital Clínic, Barcelona, Spain;4. Databrew, Gainesville, FL, USA;1. Department of Cardiology, Hanzeplein 1, 9700 RB, PO Box 30001, Groningen, Netherlands;2. Department of Critical Care, University of Groningen, University Medical Center Groningen, Groningen, Netherlands |
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| Abstract: | A Post Keynesian paradigm of transition requires the exposition of what I define as primary elements: economic analysis; definition of a good society; speed; political structure; ideological structure and the role of initial conditions. The next step is to identify secondary elements, the desired changes with respect to: price liberalisation-stabilisation; privatisation; institutional structure; monetary policy and the financial system; fiscal policy; international trade and social policy. It is argued that Post Keynesianism clarifies the reasons why the orthodox model of transition implemented in transition economies was inappropriate and unsuccessful. The Post Keynesian recommendations would have resulted in a more sensible and successful transition. |
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