This paper extends a long tradition of Western analyses of Russian economic thought on Keynes, updating the story through the period that followed the global financial crisis of 2007-2008. We survey contemporary views of Keynesianism by mainstream and traditionalist economists and consider the...

Serbian Abstract: Разматрају се основне карактеристике Маршаловог плана као типа економске политике. За разлику од политике саморегулишућег тржишта, која је заснована...

There has always been a debate on the roles of government and market for economic growth and development. Economic development encompasses more than just growth; it seeks the betterment of the standard of living and higher Human Development Index. There is no single strategy that would be...

Economic transition is a process of change from a centrally planned economic system to a market-based economy. The process started with the fall of the Berlin Wall in 1989. There were no theoretical foundations and experiences for the process of economic transition. The neoliberal Washington...

The “transition happiness gap” has been one of the most robust findings in the life satisfaction literature. Until very recently, scholars using various datasets on life satisfaction have shown that residents of post-communist countries were significantly less satisfied with their lives than...

Hungary launched her first foresight programme in 1997. As the country is undergoing fundamental economic and social changes, major institutions are being currently shaped. Therefore is high time to think about medium and long-term issues. In other words, now it is possible to devise strategies...

Thirty years after the collapse of the Soviet Union, it is rather clear what transition policies have worked. Almost all the post-communist countries have become market economies and have achieved macroeconomic stability. Privatization was economically necessary, and its economic outcomes have...

Socialism is popular in the UK – not just among students, but also among people in their 30s and 40s. This is confirmed by survey after survey. Surveys also show that support for socialism in general terms is matched by support for a broad range of individual policies that could reasonably be...

This paper reiterates the classical liberal critique of socialism in the format of alternative history. The history described here is identical to ‘ours’ up until just after the fall of the Berlin Wall. From then on, it deviates. In this alternative version, German reunification never...

Vietnam has gone through massive economic restructuring from a socialist command economy to market-oriented economy. This provides an excellent example of a country that has experienced changes in competition regime. Economic reforms in late 1980s and 1990s and the introduction of...