The unification of the two German states within a relatively short period of time now appears inevitable. Yet there is no historical precedent for a successful transformation from a socialist to a market economy. Doubts have been voiced by some as to whether such a transformation is possible....

The failure of Marxist-Leninist socialism, which has become clearly apparent during the past year, has done undeniable harm to the worldwide appeal of "socialism". Even concepts of socialism which had always expressly set themselves apart from "real-world socialism" in the Stalinist mould are...

The ongoing conversion of the economies of former socialist countries into market economies has so far suffered from the lack of a theory of system transformation (policy) which indicates the means of achieving the desired objectives and makes it possible to evaluate the transformation policies...