Socialist economies in transition: appraisals of the market mechanism

Abstract

Behind the crisis in centrally planned economies, Christine Rider and Mark Knell justifying the need for reform - the price-theoretic approach, Christine Rider transitions from centrally planned to market economies, Christian Gehrke and Mark Knell Michal Kalecki and early attempts to reform the Polish economy, Tadeusz Kowalik effective demand and the transformation of socialist economies, Edward Nell from a command toward a market economy - the Polish experience, Kazimierz Laski the market transformation of state enterprises, Branko Horvat failure of monetary restriction in Hungary and Yugoslavia - a post Keynesian interpretation, Shirley J. Gedeon state monopolies and marketization in Poland, Helena Sinoracka whatever happened to the East German economy, Heinz D. Kurz lessons from China on a strategy for the socialist economies in transition, Mark Knell and Wenyan Yang conclusion - implications for socialist economies in transition, Mark Knell and Christine Rider.