On the Theory of Post-Communist Economic Transition to Market
International Journal of Social Economics, Vol. 32, No. 1/2, pp. 77-97, 2005
21 Pages Posted: 28 Nov 2012
Date Written: November 28, 2012
The paper investigates the utility of economic theory for post-Communist economic transformation. It serves to explain the main reasons for market reform failure in different post-Communist countries. A literature review suggests that after the collapse of the Communist system there was no economic theory of transition to market. Whenever one considers the transition of post-Communist economies to a market system, it has to be placed on record, as this kind of transition has no precedent in history. There is as yet no special economic theory of post-Communist transformation and it is just developing.
Keywords: economic change, economic theory, transition to market economy
JEL Classification: P20, P26, P30
Suggested Citation: Suggested Citation