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Enterprises in Hungary Before and After the Economic Reform

In: Public and Private Enterprise in a Mixed Economy

Author

Listed:
  • Rezsö Nyers

    (Hungarian Academy of Sciences)

  • Márton Tardos

    (Institute for Economic and Market Research)

Abstract

For better understanding we must begin by distinguishing between a socialist economy and a mixed one: an economy organised on socialist lines is essentially different from and cannot be identified with a mixed economy organised on a capitalist footing. In an economy operating on socialist principles the foundation rests on a planned economy relying on state and cooperative ownership, although the market plays an important role too. At the same time, in a socialist economy where the market relations are well-developed, certain similarities with mixed economies will emerge, as will be described later.

Suggested Citation

  • Rezsö Nyers & Márton Tardos, 1980. "Enterprises in Hungary Before and After the Economic Reform," International Economic Association Series, in: William J. Baumol (ed.), Public and Private Enterprise in a Mixed Economy, chapter 10, pages 161-193, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-16394-6_19
    DOI: 10.1007/978-1-349-16394-6_19
    as

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