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The Affinity Between Ownership and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries

In: Market Forces in Planned Economies

Author

Listed:
  • János Kornai

    (Hungarian Academy of Sciences
    Harvard University)

  • Aleksandar M. Vacić

    (Economic Commission for Europe)

  • Pekka Sutela

    (University of Helsinki)

  • Don Patinkin

    (Hebrew University of Jerusalem)

Abstract

The title of the session in which this paper was given, ‘The Theory of Markets in a Planned Economy’, suggests two alternative approaches. One is that of a normative theory — that is, the elaboration of a theoretical blueprint for an economy, relying upon both the plan and the market. Whatever might be the significance of such an approach, this paper takes as its basic themes the other approach, namely positive analysis. A reform process is under way in several socialist countries. The course of thought applied in the paper is based on the hypothesis that in all reform countries it is possible to identify certain common tendencies. Of course, each reforming country constitutes a unique case, and one must look hard to find suitable ways of discerning common patterns of reform in countries as diverse as Yugoslavia, Hungary, China, Poland and the USSR. One must accomplish another equally difficult task as well, that is the task of properly evaluating the cases of failed reform such as the one which was attempted in 1968 in Czechoslovakia. Nevertheless, there exist many common lessons, and in this paper we will attempt to delineate some of them.

Suggested Citation

  • János Kornai & Aleksandar M. Vacić & Pekka Sutela & Don Patinkin, 1990. "The Affinity Between Ownership and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries," International Economic Association Series, in: Oleg T. Bogomolov (ed.), Market Forces in Planned Economies, chapter 3, pages 32-73, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-11559-4_3
    DOI: 10.1007/978-1-349-11559-4_3
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    Citations

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    Cited by:

    1. Olivier Bouin & Bruno Coquet, 1991. "La réforme des structures économiques dans les pays de l'Europe de l'Est," Revue de l'OFCE, Programme National Persée, vol. 38(1), pages 207-226.
    2. Valentina Vučković & Ružica Šimić Banović & Martina Basarac Sertić, 2021. "Governance Trends among New EU Member States: Is There Institutional Convergence?," Sustainability, MDPI, vol. 13(24), pages 1-15, December.
    3. Johnson, Simon & Islamov, Bakhtior, "undated". "Property Rights and Economic Reform in Uzbekistan," WIDER Working Papers 295626, United Nations University, World Institute for Development Economic Research (UNU-WIDER).
    4. Mehrdad Vahabi, 2021. "Introduction: a special issue in honoring Janos Kornai," Public Choice, Springer, vol. 187(1), pages 1-13, April.
    5. Allan M Williams & Vladimir Baláž, 2000. "Privatisation and the Development of Tourism in the Czech Republic and Slovakia: Property Rights, Firm Performance, and Recombinant Property," Environment and Planning A, , vol. 32(4), pages 715-734, April.
    6. Xia, Tianjiao & Liu, Xiaohui, 2022. "The innovation paradox of TMT political capital in transition economy firms," Journal of Business Research, Elsevier, vol. 142(C), pages 775-790.
    7. Maria Csanadi, 2011. "Varieties of System Transformations and Their Structural Background Based on the IPS Model," DANUBE: Law and Economics Review, European Association Comenius - EACO, issue 1, pages 33-63, March.
    8. Peter Murrell, 1991. "Can Neoclassical Economics Underpin the Reform of Centrally Planned Economies?," Journal of Economic Perspectives, American Economic Association, vol. 5(4), pages 59-76, Fall.
    9. Xu, Cheng-Gang & Guo, Di & Huang, Haizhou & Jiang, Kun, 2020. "Disruptive Innovation and R&D Ownership Structures of the Firm," CEPR Discussion Papers 14861, C.E.P.R. Discussion Papers.
    10. Tian, Xiaowen, 2001. "Privatization and economic performance: evidence from Chinese provinces," Economic Systems, Elsevier, vol. 25(1), pages 65-77, March.
    11. Szerb, László & Kocsis-Kisantal, Orsolya, 2008. "Vállalkozói kultúra Magyarországon két napilap tükrében [Corporate culture in Hungary seen through two daily newspapers]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(3), pages 243-261.

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