Bringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations.

Socialist Economies in Transition provides a coherent critique of economic reform in Eastern Europe which, it is argued, will create not prosperity but high levels of unemployment and severe economic dislocation. The authors show how the application of neo-classical economic theory will, in...