The Road to a Free Economy: Shifting from a Socialist System : the Example of Hungary

The Road to a Free Economy: Shifting from a Socialist System : the Example of Hungary

The Road to a Free Economy: Shifting from a Socialist System : the Example of Hungary

The Road to a Free Economy: Shifting from a Socialist System : the Example of Hungary

Synopsis

The socialist world of Eastern Europe is undergoing its second revolution of the 20th century, moving away from a centralized government to one which is more democratic. One of the central questions of this transition is how economic mechanisms may be used to help effect the change.

Excerpt

The World Institute for Development Economics Research (WIDER), working under the auspices of the United Nations University and located in Helsinki, Finland, was established in 1984. the principal purpose of the institute is to promote policy-oriented research on pressing global and development problems, as well as on problems of various countries in the context of their international environment. An obvious priority of our research agenda was an authoritative analysis of the political economy of socialist systems, as seen from the perspective of a lifelong student of the problem of the eminence of Professor Kornai. I was fortunate in being able to convince him to spend part of his time in Helsinki as a James S. McDonnell Distinguished Scholar at wider to write a comprehensive study on socialism, one that would require intensive work for several years. This work is still in the process of gestation, but the pressure of events in . . .

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