This paper attempts estimation of the model of the Soviet price determination. Model consists of price equations for five sectors of the Soviet economy, and it is intended to be a part of a larger econometric model of the Soviet economy. Four different cost-plus price formulae were estimated....

Short explanation of Schumpeter's concepts of dynamics, innovations and entrepreneurship. It is argued, that Schumpeters theory was highly relevant and should have been incorporated into the design of the reformed economic system, that attempted transition from Command to Socialist Market...

Paper presented at St. Antony's College in Oxford in 1965. The Czechoslovak Economic Reform of 1960's was designed on the basis of the new theoretical approach that rejected the incompatibility of planning and market economy and accepted the Convergence Hypothesis.

This is in support of the governement program of transformation from the Soviet-type economy, to the free market economy in Czechoslovakia after the fall of Communism. The basic lines of the government program, that was outlined by Vaclav Klaus, are defended against the leftis criticism that...

This essay originated from the discussions of the role of central plan in an economic system with a functioning market mechanism. Such discussions emerged because of the implementation of the 'New Economic System'in Czechoslovakia. Under the old system, the role of the plan was considered clear...

The Fifth CERGE Lecture on Practical Aspects of Privatization held at Charles University in Prague on February 6 1992 It is about the process of voucher privatization of state owned enterprises after the fall of communism in Czechoslovakia. It starts with brief history of voucher privatization...

This paper is discussing problems that emerged in the first wave of the voucher privatization in Czechoslovakia (January 1992). The first problem relates to the procedures for evaluation and approval of enterprises’ privatization projects. The original design of the privatization assumed a...

It is a well-known problem that macroeconomic indicators calculated for different countries are not directly comparable if the original statistical data are expressed in different prices. The artificial prices, computable from input-output models, can provide quite a solid ground for the...

This paper reports about experimental calculations of basic types of prices in Czechoslovakia. The calculated prices based on the Input- Output model of the economy were 1)Cost prices, 2)Labor-value prices, 3)Production prices, 4) Income prices. The paper contains theoretical formulation of the...

This short paper was presented in the discussion at the CESES conference about 'the Prices in Eastern Europe' in Florence, Italy, 1966. Its purpose was to formulate briefly but as precisely as possible the differences between Pure Market Economy, Command Economy, Lange-Lerner model of Market...