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Author:   Dušan Pavlovic
Publisher:   Central European University Press
Imprint:   Central European University Press
Weight:   0.400kg
ISBN:  

9789633864258

ISBN 10:   9633864259
Pages:   156
Publication Date:   30 June 2022
Audience:   Professional and scholarly ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Acknowledgements 1. The Rise of Aleksandar Vučić The Origin of the Book The Rise of Aleksandar Vučić “You Will Not Come to This Show Alive” The First Million… and a Few More A Ten-Minute Meeting on Economic Reforms Keynesian Economics for Fools 2. Overview of the Political Economy of Serbia Prior to 2012 Serbia as Part of Yugoslavia (1918–1989) Serbia Under Milošević (1990–2000) The Fall of Milošević and the DOS Coalition (2000–2012) Serbia under Aleksandar Vučić (2012–2014) 3. Extractive Institutions The FAP Workers’ Protest Is It Rational to Delay Reforms? The Etihad Contract Fast Lane Economy 4. Party Patronage The Meeting at the Delfi Bookstore “I’ll Put Together a Fabulous Team” The First Meeting of the Team Party Patronage in the Ministry of Economy The Car, the Office, and the Secretary Coping with Party Patronage in the Ministry 5. The Four Economic Policy Strategies A Rich Friend Comes to Help “Only a Madman Would Abolish Subsidies” The Meeting with the Galenika Creditors Michelin “Invests” in Serbia The Fiat Subsidy Per Car Where Are the Contracts with Gorenje? The Frankenstein Ministry 6. Inside the Money-Wasting Machine The Emergence of SIEPA “We Have Never Done That” Civil Servants in the Serbian Public Administration Protection The Development Fund Figures in the Ballpark The Fund’s Clients 7. Privatization Privatization as a Part of the Money-Wasting Machine Privatization: The Second Run The 2001 Privatization Law The Enterprises in Restructuring The “ID Cards” More is Less? Less is More? The Five Steps “Hang On, Are We Supposed to Read Those?” Privatization of Vršački Vinogradi A Firm for a Luxurious Chocolate Box The Privatization Agency “Give Me Back My Money!” 8. The Exit Getting Out Before It Is Too Late The Smear Campaign Begins The Perception of the Public The Drafts Blocked by the Socio-Economic Council The Media Blackout and the Media Lynching Cancelled Appearance on “Impression of the Week” on January 26 A Party Apparatchik Takes Up Radulović’s Post What Happened Afterwards 9. The Resignation Major Protagonists of the Book in 2013–2014 Index

Reviews

"""This book is a major contribution to the study of postcommunist economies and politics in two interrelated ways. It shows how rent-seeking actually functions in a postcommunist state and how policymaking facilitates it. The Moneywasting Machine contains eminent empirical evidence on how various rent-seeking schemes function and evolve, a problem affecting all postcommunist states. Serbia may stand out as a typical example of this, but it is not an exception."" --Anders �slund ""Written by an academic who can relate personal experiences to larger political and economic theories, The Moneywasting Machine provides an insider perspective into the structural aspects that enable economic mismanagement in Serbia, in particular in regard to investments and privatization. In doing so, the book offers unique insights into the larger processes of transformation, and how these processes can result in self-serving elites and state capture. There are few books that are able to combine these two aspects, while also offering empirical research on the mechanism of extractive institutions based on such personal experience."" --Florian Bieber"

This book is a major contribution to the study of postcommunist economies and politics in two interrelated ways. It shows how rent-seeking actually functions in a postcommunist state and how policymaking facilitates it. The Moneywasting Machine contains eminent empirical evidence on how various rent-seeking schemes function and evolve, a problem affecting all postcommunist states. Serbia may stand out as a typical example of this, but it is not an exception.--Anders Aslund Written by an academic who can relate personal experiences to larger political and economic theories, The Moneywasting Machine provides an insider perspective into the structural aspects that enable economic mismanagement in Serbia, in particular in regard to investments and privatization. In doing so, the book offers unique insights into the larger processes of transformation, and how these processes can result in self-serving elites and state capture. There are few books that are able to combine these two aspects, while also offering empirical research on the mechanism of extractive institutions based on such personal experience.--Florian Bieber

This book is a major contribution to the study of postcommunist economies and politics in two interrelated ways. It shows how rent-seeking actually functions in a postcommunist state and how policymaking facilitates it. The Moneywasting Machine contains eminent empirical evidence on how various rent-seeking schemes function and evolve, a problem affecting all postcommunist states. Serbia may stand out as a typical example of this, but it is not an exception. --Anders Aslund Written by an academic who can relate personal experiences to larger political and economic theories, The Moneywasting Machine provides an insider perspective into the structural aspects that enable economic mismanagement in Serbia, in particular in regard to investments and privatization. In doing so, the book offers unique insights into the larger processes of transformation, and how these processes can result in self-serving elites and state capture. There are few books that are able to combine these two aspects, while also offering empirical research on the mechanism of extractive institutions based on such personal experience. --Florian Bieber

Author Information

Dušan Pavlovic is a political economist, currently teaching political economy at the Faculty of Political Science, University of Belgrade, where he is employed as full professor.

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