Library Resource
Conference Papers & Reports
December, 2007
The objective of the paper is to survey the state of knowledge of economists and agriculturaleconomists at the onset of transition and seventeen years later. The "standard" economicreasoning in the early nineties were based on neoclassical economics and documented was hasbeen termed the Washington Consensus. It is shown that the discrepancy between expectationsand reality as well as the evolution of institutional economics has challenged economists.