Eastern Europe: The Wealth of Lessons

Abstract

adjustments to new situations and signals will be essentially swift and basically unproblematic. The possibility of slow and costly adjustments to changes or high friction while acknowledged, is treated as rare. From this perspective, neoclassicists have advocated 4 'shock therapy' ' for post-communist countries that they jump straight into a free market from a commandand-control system. Poland was the only post-communist country that has followed this neoclassicist advice. The most out-