| Preface | |
| Abbreviations | |
| Introduction | p. 1 |
| The central focus of the monograph | p. 1 |
| Types of transition considered | p. 4 |
| Delineating the geographical and topical focus | p. 6 |
| Property rights, privatization, and the transition | p. 9 |
| On ideology and biases | p. 12 |
| A synopsis | p. 16 |
| On the transformations of the Fast | p. 20 |
| Central planning and its evolution | p. 21 |
| The legacies of central planning under communism | p. 31 |
| On the broad obstacles to transforming the East | p. 35 |
| The central aims of the transformation | p. 38 |
| The core elements of the envisaged market | p. 41 |
| The short-term socioeconomic situation in the East | p. 44 |
| Coordination through planning and the market | p. 48 |
| Coordination through central planning | p. 48 |
| The nature of the market | p. 54 |
| The market as a coordination mechanism | p. 56 |
| On the agenda of the transition | p. 59 |
| On sequencing the transition | p. 73 |
| On the role of the state | p. 76 |
| Planning versus the market and the role of the state | p. 77 |
| Economic theory, the state, and privatization | p. 82 |
| The role of the state during the transition | p. 86 |
| Legitimizing the new role of the new state | p. 92 |
| Governance and the management of the transition | p. 96 |
| Comprehensiveness, speed, and sequencing | p. 100 |
| On property rights | p. 102 |
| Basic ingredients of the market and property rights | p. 103 |
| Ownership and property relations | p. 109 |
| Alternative ownership forms and their implications | p. 113 |
| Property rights, privatization, and restitution | p. 116 |
| Implicit property rights of administrative planning | p. 119 |
| Capital assets and their allocation | p. 124 |
| On the meaning of capital | p. 124 |
| The need for capital markets | p. 127 |
| The purposes of the capital market | p. 132 |
| The organic emergence of capital markets | p. 137 |
| Capital markets, savings, and new firms | p. 138 |
| Privatization campaigns and lessons for the transition | p. 142 |
| Capital markets, market structures, and divestment | p. 144 |
| On the motives for and goals of privatization | p. 148 |
| The nature of privatization | p. 149 |
| Motivations for and goals of privatization | p. 156 |
| The motives behind privatization in alternative settings | p. 160 |
| Alternatives to outright divestment | p. 163 |
| Public enterprise and economic performance | p. 166 |
| On managing state-owned assets | p. 171 |
| Obstacles to privatization | p. 175 |
| The salient policy issues | p. 175 |
| Technical obstacles | p. 178 |
| Economic obstacles | p. 187 |
| Managerial problems | p. 192 |
| Attitudinal problems | p. 197 |
| On the techniques of privatization | p. 202 |
| Privatization and political economy | p. 202 |
| Generic approaches | p. 205 |
| Ensuring control over new corporations | p. 214 |
| Advantages and drawbacks | p. 215 |
| Taking sides and forging ahead | p. 226 |
| The experience with privatization | p. 229 |
| Promoting the German-style market | p. 230 |
| Buttressing democracy in Czechoslovakia and Poland | p. 239 |
| Realizing the value of state-owned assets in Hungary | p. 255 |
| The unclear cases of the Balkans and Baltics | p. 259 |
| Root obstacles to private property in the ex-USSR | p. 269 |
| The other former planned economies | p. 273 |
| Conclusions | p. 276 |
| On the speed of privatization | p. 276 |
| On the power of the state | p. 280 |
| Is privatization desirable? | p. 282 |
| Bibliography | p. 285 |
| Index | p. 313 |
| Table of Contents provided by Blackwell. All Rights Reserved. |
