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Overview
Can the economies of Eastern Europe make the transition from planning to the market? The failure of communism in Eastern Europe has left a legacy of opportunity and challenge. Earlier attempts at "market socialism" by reform-minded economists presented no real threat to the Soviet-type system, and it is now clear that a more radical solution is required.In Reform and Transformation in Eastern Europe, some of the most distinguished economists and policy-makers in Europe examine the possibility of an "economics of transformation." This group, which includes eminent scholars from both Eastern and Western Europe, demonstrates the rediscovery of economic liberalism in Eastern Europe and provides a fresh look at economics in this area. "Reform economics" is treated as a legitimate scientific problem in the history of economic thought rather than an obscure ideological effect of practical reform. Timely and comprehensive, this book offers distinctive insight into one of the major issues facing the new governments of Eastern Europe.
Synopsis
Can the economies of Eastern Europe make the transition from planning to the market? The failure of communism in Eastern Europe has left a legacy of opportunity and challenge. Earlier attempts at "market socialism" by reform-minded economists presented no real threat to the Soviet-type system, and it is now clear that a more radical solution is required.
In Reform and Transformation in Eastern Europe, some of the most distinguished economists and policy-makers in Europe examine the possibility of an "economics of transformation." This group, which includes eminent scholars from both Eastern and Western Europe, demonstrates the rediscovery of economic liberalism in Eastern Europe and provides a fresh look at economics in this area. "Reform economics" is treated as a legitimate scientific problem in the history of economic thought rather than an obscure ideological effect of practical reform. Timely and comprehensive, this book offers distinctive insight into one of the major issues facing the new governments of Eastern Europe.