Socialist Economies in Transition
| Author | : Mark Knell |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 264 |
| Release | : 1992 |
| ISBN-10 | : STANFORD:36105000133731 |
| ISBN-13 | : |
| Rating | : 4/5 ( Downloads) |
Book Synopsis Socialist Economies in Transition by : Mark Knell
Download or read book Socialist Economies in Transition written by Mark Knell and published by Edward Elgar Publishing. This book was released on 1992 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
