BL With a new preface by the authors This is an important work of original scholarship by two of the most distinguished East European economists now working in the West. The authors, both of whom were involved in the Planning Office of the Polish economy in the 1950s and 1960s, present here the results of their efforts to develop theoretically a system of economic management which could in practice avoid the worst excesses of both market
capitalism and central planning. The conclusions derived from this analysis are shown to open up a new dimension to the `socialism versus capitalism' controversy which has dominated
much of the world throughout the twentieth century and which is especially significant as the countries of East and Central Europe re-structure their economies.
'the enormous experience of the authors and the intellectual quality of their analysis make it a book which deserves to last'
William Outhwaite, University of Sussex, Political Studies, Volume XXXIX Number 1 March 1991
'The analysis presented in the book is highly penetrating. It remains of immediate practical relevance despite the acceleration in the pace of systematic change in Eastern Europe over the last year.'
Antoni Chawluk, University of St. Andrews, Scottish Journal of Political Economy
`This book is a welcome addition to the literature on Eastern European economies in particular, and the notion of an "economically feasible socialism" in general. It is well written and concise, with just enough background information on the history of economic development in Eastern Europe to prepare the reader for the authors' new contributions.'
The Polish Review
Preface; Part I: Marxist socialism - the promise: The claim to economic rationality; Part II: Real socialism - the disappointments: The historical regularity in reverse; The objective of catching-up; The command system; Part III: Market socialism - the problems so far: The theoretical response to challenge; The Hungarian practice; Central planning with regulated market - the flawed model; The Yugoslav lessons; Part IV: Market socialism - the problems ahead: The
capital market and the problem of full employment; The question of ownership; Concluding remarks; Notes; Index
Series: Socialism in Search of an Economic System
Number Of Pages: 192
Published: 11th April 1991
Country of Publication: GB
Dimensions (cm): 23.52 x 15.7
Weight (kg): 0.33