Socialist Economies in Transition: Appraisals of the Market Mechanism

ISBN-13: 9781852784386 / Angielski

Mark Knell;Christine Rider

Opis

The revolutionary changes of 1989 have seen most of the centrally planned economies finalizing a long process of discarding the restraints of planning. These changes involve economic moves to decentralize economic decision-making, introduce market mechanisms and privatize state-owned property. A central thesis of this book is that an uncritical acceptance of the market mechanism will not lead to greater efficiency or increased output. Rather, it may result in more economic problems.