Soft Budget Constraints and Predatory States

Mehrdad Vahabi,¬†University of Paris 8, published "Soft Budget Constraints and Predatory States" on February 3rd, 2012 in the Review of Radical Political Economics. To view other OnlineFirst articles, please click here. The abstract: The concept of the soft budget constraint (SBC) was initially formulated by economist Janos Kornai in the context of socialist economies. I … Continue reading Soft Budget Constraints and Predatory States