Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

"The Evolution of Economic Systems" is dedicated to Ota Sik on the occasion of his 70th birthday. It honours Ota Sik's economics, his political life and his social and humane concerns. His commitment to truth, his challenging of established polit-economic structures and idealogical borderlines...