The article discusses the economic difficulties from which the industrialized nations have been suffering for the past years giving special regard to the controversy as to what concept of economic policy should be adopted in order to overcome the present problems.

In the transition from the command economy to the market economy it is becoming more and more urgent for the countries of Central and Eastern Europe to readjust their social policies and reorganise their social security systems. In doing so, the conflict between social solidarity and individual...

Among the former CMEA countries, some are moving faster and more radically toward the market system than others. Prof. Winiecki shows that the former will in future be in a better position to compete on world markets than those countries whose transition to the market system is incomplete or...