Necroeconomics – the theory of post‐Communist transformation of an economy

The paper offers a new view of the process of post‐Communist transformation of an economy. The collapse of the Communist regime had the result that with rare exceptions all goods produced in these countries were incompatible with international standards due to low quality and/or high prices. The economy of that type can be referred to as “dead” economy, or “necroeconomy”. “Routine”, which has been deeply rooted in the command economy over many decades, is the reproductive base of necroeconomy. The “routine” which reproduces necroeconomy depends, inter alia, on the behavior of the homo transformaticus, who in the realm of entrepreneurship assumes a title of “post‐delets”. The end of necroeconomy is the only true indicator of the end of post‐Communist transformation.