Market Socialism or the Restoration of Capitalism (International Council for Central and East European Studies)

The collapse of communism in Eastern Europe has raised a number of questions concerning the future course of their economies. Has capitalism won or is something different emerging? Has market socialism vanished for good? How can the transitionary period be managed and what effect will it have on the standard of living in Eastern Europe? In this book, ten distinguished experts illuminate what this transition process to a market economy really means. They explore what remains of market socialism, the development of economic thinking and policy making, and distribution aspects of the Soviet economy under Perestroika.