Conventional wisdom suggests that the stocks of human capital were one of the few positive legacies from communism. However, if factories under communism were so inefficient, why would the education system not have been? Using the education production function approach and new data on...

The attitude towards development aid of the socialist countries of Eastern Europe, who recently made themselves conspicuous once more by their absence from the Cancún summit, has come under increasing attack from the Third World. Our author takes a critical look at the socialist countries’...

At UNCTAD V not only the Western industrialised countries but also the socialist states were heavily criticised for not appropriating sufficient funds for development aid. The following article presents a survey of volume, conditions, and regional distribution of the CMEA countries’ and the PR...

Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

Socialism is popular in the UK – not just among students, but also among people in their 30s and 40s. This is confirmed by survey after survey. Surveys also show that support for socialism in general terms is matched by support for a broad range of individual policies that could reasonably be...