Systemic Change: The Delicate Mixture of Intentions and Spontaneity
In this paper I shall not present a more or less standard and descriptive summary ofthe current stage ofthe transformationprocess in my country and elsewhere in Central and Eastern Europe. I find it appropriate to defend the achieved results because, in spite of all existing problems, this historic transformation process has been—in principle—successful. Nevertheless, it is our task to understand more deeply the fascinating social mechanism that makes such a process possible and to describe the delicate interplay of the political, social and economic factors at work. My theoretical background and my practical experience tell me that systemic change—and that is what we have been undergoing while dismantling communism in our countries—is an evolutionary process and not an exercise in applied economics or political science. It is based on a very complicated mixture of planned and unplanned, of intended and unintended events, or, to put it differently, on a mixture of intentions and spontaneity. By participating in such a process we have opened another chapter in the never completed book devoted to the study of the relative role of human action and human design in the history of mankind, the book devoted to the study of “made orders” and “catalaxies”—to use well-known Hayekian terms. I hope we can add something to that study. We may confirm that successful transformation isnot the result of detailed reform blueprints in the hands ofomnipotent reform politicians. Rather, success depends on the unconstrained activity of human beings together with “modest
Czech Privatisation 25 Years Later
Privatisation is still a hot political topic today and divides economists as well as politicians and the general public. The paper aims to capture the Czech privatisation in its historical, economic and political contexts. The first part explains the difference between transitional privatisation and standard privatisation. The second part examines the interests in the privatisation process. The third part discusses the privatisation methods used in the Czech Republic. The fourth part offers an international comparison.
Industrial Relations in 1988
Undoubtedly, the election of the Hawke Labor Government in 1983 marked a turning point in Australian industrial relations. To a large extent industrial turbulence receded, helped along by global econ omic instability and the influence ofthe Prices and Incomes Accord between the Australian Labor Party and the Australian Council of Trade Union (ACTU). Arguably, the apparent success of the Accord owed something to a widespread concern within unions that the election of a Liberal-National Party government at the federal level would have resulted in a major pro gram of economic regulation, especially in relation to the institutions ofthe labour market. During 1988, despite an increasingly buoyant economy, the continuing influence of these economic and political conditions ensured that the level of industrial disputation remained subdued by historical stan dards, though those opposed to the nascent corporate state or centralised wage fixing may have been heartened by signs that wage restraint was fraying at the...