Socialism, Capitalism, Transformation

Professor Balcerowicz is highly regarded in both policy-making and academic circles. Most of the essays are based on his first-hand experience in stabilizing the Polish economy at an early stage of hyperinflation, and transforming it into a competitive capitalist market economy.

This volume gathers together a collection of essays integrated by two central themes: the comparative economic performance of different economic systems (centralized socialism, reformed socialism, competitive socialism), and the transition from socialism to capitalism under newly established pluralistic political systems in Central and Eastern Europe.