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The Socialist Period

In: An Introduction to the History of Economic Thought in Central Europe

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  • Julius Horvath

    (Central European University)

Abstract

We begin with a short description of the socialist economic model and point to its fundamental characteristics. We portray leading reformers of the socialist economic mechanism, who often began as representatives of communist orthodoxy in the early 1950s. We present the reforms in the socialist Czechoslovakia of the 1960s, focusing on the life and work of Ota Šik. We portray the work of Josef Goldmann, the prominent Czech economist who worked during the socialist period. Then we present the life and reform impact of an early Hungarian socialist market reformer György Péter. Afterward, we present the contribution of the most influential analyst of the socialist economy, János Kornai. We close by a short presentation of the work and life of Oskar Lange and Michal Kalecki.

Suggested Citation

  • Julius Horvath, 2020. "The Socialist Period," Palgrave Studies in the History of Economic Thought, in: An Introduction to the History of Economic Thought in Central Europe, chapter 0, pages 97-137, Palgrave Macmillan.
    • Handle: RePEc:pal:pshchp:978-3-030-58926-4_4
    DOI: 10.1007/978-3-030-58926-4_4
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