Many of the states of the former Soviet Union have experienced a dramatic collapse of output during transition, which has not yet been reversed in a sustainable way. The economics of disorganization, proposed by Blanchard (1997) and tested empirically by Blanchard and Kremer (1997), reasons that...

Chapter 1. An introduction to the Collected Works of Domenico Mario Nuti, Saul Estrin and Milica Uvalic -- Part I. Evolution of economic systems -- Chapter 2. Capitalism, socialism and steady growth -- Chapter 3. The degree of monopoly in the Kaldor-Mirrlees growth model -- Chapter 4. V. K....

1. The degree of monopoly in the Kaldor-Mirrlees growth model -- 2. Capitalism, socialism and steady growth -- 3. Introductory essay to V. K. Dmitriev -- 4. Michal Kalecki's contributions to the theory and practice of socialist planning -- 5. Kalecki and Keynes revisited -- 6. Socialism on earth...

More than fifteen years after the fall of the Berlin Wall, many issues regarding the transition from a centrally planned economy to a market economy are still being debated. This book presents an evaluation of the transition in Central Eastern Europe, and focuses on the socialist legacy, the...

This book covers a wide variety of aspects of transition in Central and Southeast Europe and the CIS, including the socialist legacy, privatization and growth, skills, and banking reforms. It also covers the evolution of the global economy beyond transition, looking at complexity, risk...