Advertisement

Commentary

  • Michael Kaser
Conference paper

Abstract

The Chairman, Murray Feshbach, set the macroeconomic scene in introducing the four papers: all European members had exhausted their potential for obtaining significant gains in production from incremensts in manpower and capital and would in future have to rely on what he termed “modernization”. That term, he went on to observe, rightly implied that the present practices of Eastern Europe were backward: the required updating would be both technological and managerial.

Keywords

European Member CMEA Country Soviet Institution Convertible Currency Foreign Economic Relation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Kluwer Academic Publishers 1989

Authors and Affiliations

  • Michael Kaser
    • 1
  1. 1.St. Antony’s CollegeOxfordUK

Personalised recommendations