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The Soviet Union and Eastern Europe provide unique examples of large-scale relatively highly developed centrally planned economies. In the 1980s economists in both the East and West began to focus with increasingly critical attention on the economies of the Soviet Bloc, in an attempt to explain why they were performing so poorly in comparison with the economies of the Western powers and the capitalist countries of South-East Asia. 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.
Textbook on the soviet-type planned economy and its performance in the USSR and elsewhere - covers basic institutional frameworks, resource allocation, economic planning, etc., and includes future prospects. Annotated bibliography pp. 251 to 254 and statistical tables.
Can the economics of Eastern Europe make the dramatic transition from centrally-planned to market-led economics? This book tries to understand the intellectual background behind this change and the problems of managing it.
Seven essays, written 1990-92, present a relatively coherent account of the ongoing transition from planned to market economies in the former Soviet Union. Rather than trying to adapt abstract theory to a situation few if any economists ever expected, draws on an accumulated knowledge of Soviet economics and politics. A narrative rather than mathematical treatment, accessible to nonspecialists. No index. Acidic paper. Distributed in the US by Ashgate. Annotation copyright by Book News, Inc., Portland, OR
Economics textbook presenting a formal description and economic analysis of the centrally planned economy of the type of the USSR economic system - provides a representative survey of the main applications and techniques of national planning pertinent to the centralization type of planning and economic modelling, etc. Flow charts, graphs, references and statistical tables.