Abstract
Various market-type reforms have been introduced into the economies of Eastern Europe in recent years. These have often been warmly applauded in the West, but their success so far has been at best marginal. Without radical changes in the fundamentals of the Soviet-type economic system such reforms can have no lasting impact.
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E. Haniss in the February 1986 issue of Valosag, a Hungarian monthly.
Cf. this author’ s assessment in: Are Soviet-Type Economies Entering an Era of Long-Term Decline?, in: Soviet Studies, July 1986, No. 3.
Cf. J. Winiecki: Soviet-Type Economies: Considerations for the Future, in: Soviet Studies, October 1986, No. 4; and by the same author: Why Economic Reforms Fail in the Soviet System. A Property Rights- Based Approach, Institute for International Economic Studies Seminar Paper, Stockholm 1987, mimeo.
Cf., for example, D. Nrth: A Framework for Analyzing the State in Economic History, in: Explorations in Economic History, Vol. 31, March 1979.
Cf., first of all, J. rnai: Resource-Constrained Versus Demand- Constrained Systems, in: Econometrica, July 1979; and by the same author: Economics of Shortage, Amsterdam 1980.
Cf., for example, J. Winiei: The Distorted Macroeconomics of Central Planning, in: Banca Nazionale del Lavoro Quarterly Review, 1986, No. 157.
The Second Economic Reform and Ownership Relations, in: Eastern European Economics, Vol. 22, 1984, Nos. 3–4, p. 53.
See the excellent description of the said relationship in T. Laky: The Hidden Mechanisms of Recentralization in Hungary, in: Acta Oeconomica, Vol. 24, 1980, Nos. 1–2, p. 106.
Cf. inter alia A. Ss: Planification impérative, régulation financière, “grandes orientations” et campagnes, in: Revue d’ études comparatives Est-Ouest, Vol. 16, 1985, No. 2.
Cf. in particular Kornai’ s works referred to in note 5 above.
Cf. L. saba: New Features of the Hungarian Economic Mechanism in the Mid-Eighties, in: New Hungarian Quarterly, Vol. 24, 1983, No. 90.
Cf., for example, T. Bauer: Reform Policy in the Complexity of Economic Policy, in: Acta Oeconomica, Vol. 34, 1985, Nos. 3–4; and I. SaIg: Ouverture, compétition et monétarisation du commerce extérieur, in: Revue d’études comparatives Est-Ouest, Vol. 17, 1986, No. 2.
Cf.T. Bauer: ibid.
Cf. D. North, op. cit.
This issue has been explained by the author in: J. Winiei: Soviet-Type Economies…, op. cit.
The author does not regard four little banks that are in fact monopolies tied to either a specific industry or a specific ownership structure or specific activity as being such competitive commercial banks.
Cf. J. Winiei: Soviet-Type Economies …, op. cit.
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Winiecki, J. Soviet-type economies and reform failures - A touch of the socialist midas. Intereconomics 22, 199–205 (1987). https://doi.org/10.1007/BF02932253
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DOI: https://doi.org/10.1007/BF02932253