The Economics of Transformation

Theory and Practice in the New Market Economies

Editors: Schipke, Alfred, Taylor, Alan M. (Eds.)

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About this book

Janos Kornai The collapse of the socialist system in eastern Europe and the Soviet Union is one of the major events of this century, perhaps the most important of all. The transformation now taking place is without any precedent in history. The original development of capitalism was a process that lasted for centuries. The almost total liquidation of capitalism in the countries ruled by communist parties took place-in historical terms-in a very short period of time, but it was carried out by force and repressive methods. The transformation which has now begun is diverting these countries back onto the path of capitalist development and the hope is that the process will take place much faster than the original emergence of capitalism. And another hope can be expressed: that the governments of these countries will not resort during the process to the arsenal of political violence and repression in order to speed it up. Although the post -socialist transformation is a historically unique phenomenon, some components and features of it show a similarity with other processes or events that took place under other circumstances. Other empires before the Soviet empire collapsed. The political structures of other countries took the path from dictatorship to democracy. Under other conditions, state assets have been privatized, inflation has been curbed, foreign capital has flowed in, new oligopolies have formed, and so on. The uniqueness lies in the new, specific configuration of these component processes and may other phenomena.

Table of contents (12 chapters)

  • The Economics of Disintegration in the Former Soviet Union

    Wolf, Holger C.

    Pages 1-15

  • The Transition to a Market Economy: Are there Useful Lessons from History?

    Ahrens, Joachim

    Pages 17-46

  • A Model of Price Liberalization in Russia

    Morduch, Jonathan J. (et al.)

    Pages 47-75

  • The Initial Welfare Consequences of Price Liberalization and Stabilization in Poland

    Roberts, Bryan W.

    Pages 77-112

  • The Sale of Shares to Foreign Companies

    Cornelli, Francesca

    Pages 113-128

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-3-642-78615-0
  • Digitally watermarked, DRM-free
  • Included format: PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Softcover $129.00
price for USA
  • ISBN 978-3-642-78617-4
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
The Economics of Transformation
Book Subtitle
Theory and Practice in the New Market Economies
Editors
  • Alfred Schipke
  • Alan M. Taylor
Copyright
1994
Publisher
Springer-Verlag Berlin Heidelberg
Copyright Holder
Springer-Verlag Berlin · Heidelberg
eBook ISBN
978-3-642-78615-0
DOI
10.1007/978-3-642-78615-0
Softcover ISBN
978-3-642-78617-4
Edition Number
1
Number of Pages
XVII, 332
Topics