This article was published in the leading Czech journal of economics named “Politicka Ekonomie” in 1967 that is during the process of Economic Reform intended to change the Soviet-type Command Economy in a sort of Market Socialism. It was curious that while the need to revive the market...

Presented at the Conference about Transition to a Market Economy in Baltic States, in Bergen, Norway, 1994. The paper gives an overview of diverse views on three basic questions: 1) Why did Communism collapse? 2)Why the transition to the Market Economy has been so difficult? and 3)Why some...