Description
Book SynopsisUnder free-market shock therapy, many economies of former socialist countries of Eastern Europe have declined. Why has there been so much stagnation, inflation, and de-industrialization, and what can be done to produce a turnaround? This book addresses these questions in revealing detail.
Trade ReviewA highly readable and extremely convincing account of why the strategies adopted by east European governments have failed. [The authors] argue that these governments adopted a free-market, neo-classical model of capitalist development, totally inappropriate to their condition and history, and one which did not reflect the way advanced capitalist countries had themselves developed. -- Peter Lawrence * Financial Times *
Table of ContentsPreface From Pseudo-Socialism to Pseudo-Capitalism Transition Macroeconomics The Black Box of State-Owned Enterprises Overloading the Market Mechanism Pseudo-Privatization and the World Bank Enterprise and the State Challenges Facing the State Reconstructing the State Economy, Society, and the State Notes References Index
