Necroeconomics – The Theory of Post-Communist Transformation of an Economy
International Journal of Social Economics, Vol. 29, No. 9-10, pp. 796-805, 2002
10 Pages Posted: 30 Nov 2012
Date Written: November 29, 2012
In the last decade, nearly a dozen countries, once part of the USSR, have undertaken the transition to market economies. In some cases, the new economic systems that have developed cannot be squeezed into any theoretically generalized models of capitalism. The main reason these systems evade classification is the existence of what can be termed a 'necroeconomy,' in which there is production without demand. The article describes the nature of necroeconomy.
Keywords: Post-Communist economy, economic transition, necroeconomics, economic reforms
JEL Classification: P20, P21, P23, P26, P31
Suggested Citation: Suggested Citation