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The Socialist System: The Political Economy of Communism
This book provides a comprehensive account of the structure, conduct, and performance of the centrally planned economies of Eastern Europe, the USSR, Communist China and the Marxist LDCs, looking atExpand
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  • 93
Resource-Constrained versus Demand-Constrained Systems
  • 672
  • 54
  • PDF
The Soft Budget Constraint
SUMMARY The ‘softening’ of the budget constraint appears when the strict relationship between the expenditure and the earnings of an economic unit (firm, household, etc.) has been relaxed, becauseExpand
  • 988
  • 39
  • PDF
Economics of shortage
  • 1,017
  • 17
The Affinity between Ownership Forms and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries
The title of the session in which this paper was given, ‘The Theory of Markets in a Planned Economy’, suggests two alternative approaches. One is that of a normative theory — that is, the elaborationExpand
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  • 8
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The road to a free economy: Shifting from a socialist system : the example of Hungary
  • J. Kornai
  • Economics, Political Science
  • 1 July 1991
Ownership the surgical operation for stabilization tasks of economic transition from a political viewpoint.
  • 286
  • 8