The economic difficulties manifest in communist countries have encouraged a desire in many of them to move toward a market economy. This paper surveys specific reasons for the breakdown of centrally planned economies and discusses the difficulties of making the transition to a market economy. A...

"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...

To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to...