Kategorie: Kuba

AbstractDebates about the transition from socialist planned economies to market-based systems have traditionally focused on privatization of state-owned enterprises, liberalization of markets, and macroeconomic stabilization. Yet the historical experience of post-socialist transformation suggests that such approaches are insufficient to produce sustained endogenous growth. This paper argues that the central issue in transition is not merely the transfer of state assets into private hands but the institutional constitution of an ownership society.Drawing on the theoretical framework of Property or Ownership Economics developed by Gunnar Heinsohn and Otto Steiger, the paper proposes a reinterpretation of transition processes through the distinction between possession-based and property-based…