This paper reviews the issues faced in introducing market forces in Eastern European socialist economies. It centers the analysis on the problems created for the functioning of markets in the absence of a substantial private sector. After analyzing the attempts at creating decentralized socialist economies in Hungary, Poland, and Yugoslavia, it reaches the conclusion that markets cannot function without extensive private ownership of means of production...
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INFORMATION
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1990/04/30
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Document de synthèse interne
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IDP57
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1
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1
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2020/06/13
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Disclosed
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Issues in the introduction of market forces in Eastern European socialist economies
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means of production
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