Property and Industrial Organization in Communist and Capitalist Nations

Property and Industrial Organization in Communist and Capitalist Nations

Property and Industrial Organization in Communist and Capitalist Nations

Property and Industrial Organization in Communist and Capitalist Nations

Excerpt

This newest of the Center's Studies in Development series effects a rare marriage among the concerns of comparativist economics, the evidence of key institutional trends in socialist and capitalist groupings of nations, and the methods of sophisticated theoretical-statistical analysis. As in the author's pioneering 1968 study, Public Expenditures in Communist and Capitalist Nations , a few key aspects of any economic system's mode of operation become the basis for a sweeping probe and interpretation. In the earlier work, the theme was fiscal allocations to each of an array of central social goals. Here the focus upon property and industrial organization, themselves no small subjects, leads us to even broader realms: the macro-scale efficiency and equity effects of alternative systemic arrangements. These basic issues are clarified and illuminated through analyses of within-group variation, between-group contrasts and similarities, probable main causes of systemic characteristics, and likely implications for change.

Professor Pryor's work is one of an interrelated series of volumes and reports that emerge from a major research program on East European economic transitions and performance of the International Development Research Center. These works constitute a significant body of literature concerning a region of considerable immediate importance in its own right, one whose evolution and development may well have outreaching implications for "third world" approaches to modernization and one which in any event will play a rapidly growing role in the future of international political and economic interaction.

George J. Stolnitz Director, 1967-1972

May 1973 . . .

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