During the 1990s over two dozen countries in Europe and Asia underwent a transition from centrally planned to more market-oriented economies. In Constructing a Market Economy, Richard Pomfret reviews their diverse experiences and assesses the outcome of transition in each case. The book includes...

Following German reunification in 1990, East Germany's centrally planned economy was abolished and replaced by West Germany's social market economy. Western Germany has since provided vast financial support to aid the transformation, and enable eastern Germany to catch-up with western Germany's...

This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk...

Chapter 1. An introduction to the Collected Works of Domenico Mario Nuti, Saul Estrin and Milica Uvalic -- Part I. Evolution of economic systems -- Chapter 2. Capitalism, socialism and steady growth -- Chapter 3. The degree of monopoly in the Kaldor-Mirrlees growth model -- Chapter 4. V. K....

1. The degree of monopoly in the Kaldor-Mirrlees growth model -- 2. Capitalism, socialism and steady growth -- 3. Introductory essay to V. K. Dmitriev -- 4. Michal Kalecki's contributions to the theory and practice of socialist planning -- 5. Kalecki and Keynes revisited -- 6. Socialism on earth...

The essays in this volume describe, analyse and compare the achievements and the failures of societies that adopted market-based economies within a democratic polity after a long period of communist rule (Russia and Eastern Europe) or military authoritarianism (Latin America). Together, they...

The essays contained herein span over a decade and reflect David Prychitko's thinking about the role of the market system, and its relation to planning and democratic processes. The collection consists of previously published and unpublished articles written not only for economists but also for...