Is the transition to the market too important to be left to the market?
AbstractMost models of Central and Eastern European transition fail to appreciate the "de facto" organising principles that governed life in the Soviet--type system. Concentration has instead been focused on the "de jure" pronouncements of what constituted these systems. It is this misidentification, we contend, that has caused the major problems for economists devising strategies for reform. Proper appreciation of the "de fact"o realities underlying Soviet--type economies sheds light on the crucial role that market forces must be allowed to play in the process of transition. Copyright Institute of Economic Affairs 2003
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Bibliographic InfoArticle provided by Wiley Blackwell in its journal Economic Affairs.
Volume (Year): 23 (2003)
Issue (Month): 1 (March)
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- Peter J. Boettke, 2003. "Milton and Rose Friedman's "Free to Choose" and its impact in the global movement toward free market policy: 1979-2003," Proceedings, Federal Reserve Bank of Dallas, issue Oct, pages 137-152.
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