Purpose – The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. Design/methodology/approach – A literature review suggests that after the...

The paper offers a new view of the role of state based on recognition of the economic ability of the state as a separate factor of production. Recognizing the state’s economic ability is as a fifth factor of production and correspondingly gives indirect taxes the status of factor income as...

The paper offers a new view of the process of post‐Communist transformation of an economy. The collapse of the Communist regime had the result that with rare exceptions all goods produced in these countries were incompatible with international standards due to low quality and/or high prices....

Purpose – The paper investigates the utility of economic theory for post‐Communist economic transformation. It serves to explain the main reasons for market reform failure in different post‐Communist countries. Design/methodology/approach – A literature review suggests that after the...

As is recognized, indirect business taxes are the unearned income of the Government. Shows that the fifth factor of production is the economic ability of Government; indirect taxes on business are corresponding factorial income, which is transferred into Government profit. Shows also that...

According to communist literature socialism has been established in the former Soviet Union and other communist countries. Demonstrates that the system of any of these countries according to Marxist‐Leninist ideology can be classed as state monopolistic feudalism. Among Soviet Communist values...