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...

Purpose – The purpose of this paper is to distinguish the economic foundations of post‐Communist capitalism and to examine the key economic problems of this type of society in the context of the modern financial crisis. Design/methodology/approach – This question is approached by studying...