We estimate equilibrium dollar wages for 15 transition economies of Central and Eastern Europe (CEE) and the former Soviet Union. Equilibrium dollar wages are interpreted as full employment wages consistent with a country's physical and human capital endowment, and estimated by regressing actual...

Az elmúlt hónapok politikai vitáiban sokszor elhangzott a kijelentés: nem is volt "igazi rendszerváltás" és ezért "új rendszerváltásra" van szükség. A tanulmány kísérletet tesz a rendszerváltás fogalmának értelmezésére, szigorúan szétválasztva a kérdés pozitív és...

George Orwell's famous fictions, Animal Farm and Nineteen-Eighty Four were intended to advocate democratic socialism by portraying undemocratic forms of socialism as totalitarian. For Orwell, democracy was a political institution which would limit the abuse of power. But there are several...

Diversity of trajectories of post-socialist transforming economies is a stylized fact of this experience of system change. The paper explores the relations between change in formal and informal rules in historical perspective, discussing new institutional views about rationality of formal...

This article examines the meaning of consumers' sovereignty in the interwar thought of the economist William Harold Hutt. For Hutt, consumers' sovereignty was an ideal, a norm against which economists could assess different economic systems. It connected the value of individual freedom, the...

Post-collapse literature routinely describes the Soviet economy as a quot;war economyquot;. Yet such statements represent a revolution in the characterization of the subject. Western academic study of the Soviet economy was created in the late 1940s as a response to the perceived national...

Russian Abstract: Авторы на основе краткого исторического экскурса анализируют современные приоритеты российской приватизации. В докладе оцениваются размер...

The article deals with the evolution of approaches in modern economic theory to the problem of “failures of the state”. This approach, which has developed in opposition to concepts of “market failure”, can be seen as a search for a new strategy of political and economic analysis of...

The Frankfurt School of Social Research was an offshoot of the orthodox Marxist intellectual movement. Historically, the main force that gave life to Critical Theory is undeniably Karl Marx’s impetus for emancipation, however, in its course of development Critical Theory has abandoned its...

In 1939 the British Government tried to assess Soviet war potential in order to know more about their potential ally, as part of the negotiations concerning an Anglo-French-Soviet alliance. British assessments of Soviet economic and military strength (and the internal stability of the Stalin...