Successor States and Cooperation Theory

The transformation of Eastern and Central Europe into functioning market democracies can be facilitated by incorporating the lessons of cooperation theory into standard economic theory. By doing so, the countries are more likely to achieve the fruits and benefits of a market democracy so long denied their citizens. Institutional, theoretical, and empirical results of game theory and policy analysis are woven together to present a timely understanding of this complex issue. Policy makers with key roles in the transformation processes, general economists, political scientists, and laypersons will find this analysis a useful resource.

GEORGE MACESICH is Professor of Economics and founding director of the Center for Yugoslav-American Studies, Research and Exchange at Florida State University. He is also author of over 30 books, including Monetary Policy and Politics (Praeger, 1992); Yugoslavia in the Age of Democracy (Praeger, 1992); World Debt and Stability (Praeger, 1991); Money Supply Process, with D. Dimitrijevic (Praeger, 1991); Monetary Policy and Rational Expectations (Praeger, 1987).