First published in 1988 this substantial and innovative contribution to the critical literature on the economies of the former Soviet bloc is unusual in that its author is equally familiar with both Western and Eastern sources. It highlights, in particular, a discrepancy between the behaviour of individuals in Soviet-style economies and that expected of agents in a market system. It proceeds to outline how the consequent discordance between microeconomic practice and macroeconomic planning generates fundamental economic distortions.
First published in 1988 this substantial and innovative contribution to the critical literature on the economies of the former Soviet bloc is unusual in that its author is equally familiar with both Western and Eastern sources. It highlights, in particular, a discrepancy between the behaviour of individuals in Soviet-style economies and that expected of agents in a market system. It proceeds to outline how the consequent discordance between microeconomic practice and macroeconomic planning generates fundamental economic distortions.
Part 1: The Distorted Macroeconomics of Central Planning 1. Quantities 2. Prices Part 2. The Distorted Structure of Soviet-type Economies 3. The Overgrown Industrial Sector 4. Peculiarities of Intra-Industry Change Part 3. Soviet-type Economies and the World Market 5. Import Pressure and Distorted Export Structure 6. The Failure of Catching-up Through Technology Imports
Part 1: The Distorted Macroeconomics of Central Planning 1. Quantities 2. Prices Part 2. The Distorted Structure of Soviet-type Economies 3. The Overgrown Industrial Sector 4. Peculiarities of Intra-Industry Change Part 3. Soviet-type Economies and the World Market 5. Import Pressure and Distorted Export Structure 6. The Failure of Catching-up Through Technology Imports
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