Description

The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.

Money, Incentives and Efficiency in the Hungarian Economic Reform

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Hardback by Joseph C. Brada , Istvan Dobozi

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The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought... Read more

    Publisher: Taylor & Francis Inc
    Publication Date: 30/09/1990
    ISBN13: 9780873325660, 978-0873325660
    ISBN10: 0873325664

    Number of Pages: 200

    Non Fiction , History

    Description

    The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.

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