Abstract
The difficulties of efficiently transforming a post-socialist economy are now rather well known. How to cope with them, however, is far from clear. A major obstacle is that the transformation involves the processes of systemic change, which standard economics is inadequately equipped to study.
The financial support of the Tore Browaldh Foundation and Stockholm Institute of Soviet and East European Studies is gratefully acknowledfed. I thank Uwe Cantner, Ronald Findlay, Horst Hanusch, Douglass North, Jean Parent, Örjan Sjöberg, Ulrich Witt, an anonymous referee, and the participants of the Third Transformation Colloquium at the Reimers Foundation in Bad Homburg in January 1992 for helpful comments; none of them is responsible for the remaining errors, nor my conclusions.
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© 1993 Physica-Verlag Heidelberg
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Pelikan, P. (1993). The Dynamics of Economic Systems, or How to Transform a Failed Socialist Economy. In: Wagener, HJ. (eds) On the Theory and Policy of Systemic Change. Studies in Contemporary Economics. Physica-Verlag HD. https://doi.org/10.1007/978-3-642-99768-6_5
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DOI: https://doi.org/10.1007/978-3-642-99768-6_5
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