At last, a comprehensive analysis of the long-term effects privatization policies have had on the politics, society, and economics of transition economies. Focusing on the Czech Republic, The Politics of Greed convincingly argues that while initial conditions are important, how policies were chosen and implemented has had profound implications not only for enterprise restructuring and corporate governance, but for democracy and the rule of law. A must-read for all observers of the transition process and future policy makers, and a powerful rebuke of the 'the end justifies all means' attitude that has guided so many policies in the early 1990s. -- Katharina Pistor, Columbia Law School Among the throngs of researchers in Eastern Europe in the 1990s, Andy Schwartz stood out with his unique combination of a careful understanding of regional privatization strategies and incomparable insight into the realities of high-powered financial markets. These assets become evident in this book, as the research produces an original, powerful argument about the roles of ideology and distributional politics in the construction of economic institutions. The empirics and framework are cold reminders of the foolhardy attempts to create markets without institutions and are useful analytical tools for students of privatization, corporate governance, and institutional reform. -- Gerald A. McDermott, University of Pennsylvania Recommended. * CHOICE * ...Important contribution.... Thorough critique.... Intimate knowledge of events and debates... -- Terry Cox * Slavic Review, Spring 2009 * Schwartz's book is a landmark in the study of Central European transitions. It develops a unique political economy approach to transition studies, arguing that privatization was the central process of transition and showing that the ways that privatization was conducted in each country have left lasting legacies for postcommunist politics and economics. Schwartz lambasts the unintended consequences of neoliberal privatization strategies and paints a sharp picture of what Central European capitalisms are really like. -- Mitchell Orenstein, Maxwell School of Syracuse University
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