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This work observes how the political ideologies, social values, and theoretical paradigms of Eastern European scholars and politicians changed throughout the period of transformation following the 1989 political revolutions in Eastern Europe. The authors try to reinterpret the institutions, movements, and ideologies that allegedly contributed to the erosion of the old regimes in Eastern Europe, asking whether these--alternative--legacies of communism support the transition to capitalism.

Prior to the breakdown of communism in the Eastern Bloc, reform minded economists had experimented with the concepts of market socialism which presented no real challenge to the basics of the Soviet-type system. However, those same economists are now formulating radical proposals for deregulation, privatization and political democratization. This book tries to understand the intellectual background that changed these reformers into transformers and examines the problems of managing this dramatic transition.

This volume focuses on the concepts of ownership under communism. It traces the evolution of economic ideas of property reform leading from the doctrine of blanket nationalization to projects of moderate privatization in eight countries of Eastern Europe and China on the eve of the 1989 revolutions.