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Comparative Economics After the Transition

In: Collected Works of Domenico Mario Nuti, Volume II

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  • Domenico Mario Nuti

    (University of Rome)

Abstract

The intimation that the two main objects of comparative economics, capital-ism and socialism, might be replaced by a single system to which both might converge, was first stated by Jan Tinbergen. An intermediate, optimal regime—Tinbergen argued—would best serve the needs of economies whose structures were seen as in a process of convergence (an underlying trend, much broader than output and growth rates convergence across countries and currently investigated in economic literature). Thus capitalist economies would be moving towards indicative planning with a growing state enterprise sector and welfare state, while Soviet-type economies would replace direct controls with economic decentralization through market mechanisms and introduce state enterprise autonomy, some private property and enterprise.

Suggested Citation

  • Domenico Mario Nuti, 2023. "Comparative Economics After the Transition," Studies in Economic Transition, in: Saul Estrin & Milica Uvalic (ed.), Collected Works of Domenico Mario Nuti, Volume II, chapter 8, pages 147-153, Palgrave Macmillan.
    • Handle: RePEc:pal:stuchp:978-3-031-23167-4_8
    DOI: 10.1007/978-3-031-23167-4_8
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