In the early days of the outbreak, pundits rushed to the ramparts of Twitter to proclaim that “ there are no libertarians in a pandemic.” However, this glee at the apparent failure of markets was soon...
Christopher A. Hartwell
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Christopher A. Hartwell is Professor of Financial Systems Resilience at Bournemouth University (UK), Professor of International Management at Kozminski University (Poland), Visiting Professor at the Russian Presidential Academy of National Economy and Public Administration (RANEPA), and Fellow and former President of CASE-Center for Social and Economic Research in Warsaw. Dr. Hartwell holds a PhD in Economics from the Warsaw School of Economics, a Master’s in Public Policy from Harvard, and a BA in Political Science and Economics from the University of Pennsylvania. He is also the author of Two Roads Diverge: The Transition Experience of Poland and Ukraine (Cambridge University Press, 2016) and Institutional Barriers in the Transition to Market (Palgrave Macmillan, 2013).
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There are many striking examples of how transition can be effective, and many depressing ones on how transition has, in fact, stalled in the face of state intervention. While more research is needed, it is clear that the outcomes Austrians expect in all economies indeed hold true in transition economies as well. Given the results of the past 20 years, it is difficult for policymakers to argue that socialism can work here while it didn't work there.
