Can the economics of Eastern Europe make the dramatic transition from centrally-planned to market-led economics? This book tries to understand the intellectual background behind this change and the problems of managing it

Cover -- Copyright -- Table of Contents -- Preface -- Board of Directors -- Acknowledgments -- Map -- Introduction -- PART I -- Chapter 1 -- Chapter 2 -- Chapter 3 -- Chapter 4 -- Chapter 5 -- PART II -- Chapter 6 -- Chapter 7 -- Chapter 8 -- Chapter 9 -- PART III -- Chapter 10 -- Chapter 11 --...

This paper deals with the early stages of transformation of centrally-planned economies (CPEs) into market economies during which expectations play a key role. It focuses on the transitional phase during which the economy is not any more a CPE but has not yet become a market economy. During this...