В публикации предпринята попытка доказать, что социалистическая экономика была чрезвычайно эффективна, пока ею умело управляли. Даже при действительно имевшем...

These seven essays by the Eastern block's most important economist address and explore many of the critical social and economic issues inherent in the socialist economy. Published in Hungary in 1983, they are the firsthand observations of an insider who attempts to be as frank and impartial as...

A bilateral search model of the commodity market is formulated to study the effects of liberalizing prices in a reforming socialist economy. The main result is that if the competitive structure of the economy is not quickly modified to eliminate supply rents, price liberalization may be...

This paper attempts to prove that the socialist economy was extremely effective as long as it was skillfully managed. Even along with a really occurred period of less effectiveness between 1975 and 1985, it did not yield growth rates of the developed countries. Gorbachev's reforms led to a...