Transition in Eastern Europe (S1135) - Full Video

1,299 views · Published 18 March 2016 · 30:16 · Indexed 6 November 2026

Channel: Free To Choose Network · 2016 · Entertainment

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How rapidly should former Eastern Bloc countries convert to free market economies? Considering and sometimes debating this question are Ronald Coase and Gary Becker, both Nobel Economists at the University of Chicago. Becker explains why he advocates rapid transition, and considers such factors as political and public opposition, politicians lack of economic knowledge, and how parts of a market system are better than none at all. ©1995/30 min.

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