Feasibility of reforms regarding their reaches: An outline of an impossibility theorem

Ekonomski Anali

卷:44

关键词: transition;    reform;    information;    institutions;    knowledge;    social engineering;   

DOI  :  10.2298/EKA0359007M

来源: DOAJ

【 摘 要 】

Reform endeavors run up against various sorts of constraints. A major set of constraints is the one derived from the lack of information and knowledge. This category of constraints is inextricably linked with the size of the reform undertakings. The architects of reforms do not have the knowledge needed for designing big institutional changes. Moreover, the big changes take the system far a field from its initial position, the one to be overcome by the reform process. Both features generate two distinct types of uncertainty which are sources of potential hazards and could easily produce the breakdown of the system as a whole with well-known disastrous consequences. This reasoning turns down to the standard argument of feasibility and (there- fore) desirability of the Popper-like piecemeal engineering. Another important issue is the necessity/desirability of preserving old institutions while the new ones are being built lest institutional vacua be developed with disastrous consequences. The argument is analogous to the tenor of the Burke critique of the French Revolution. The upshot of the analysis is that quick implementation of the far-reaching changes is not to be expected and that the going criticisms of the alleged sluggishness of reforms are to some extent ill-advised.

【 授权许可】

Unknown