This volume gathers together a collection of essays integrated by
two central themes: the comparative economic performance of
different economic systems (centralized socialism, reformed
socialism, competitive socialism), and the transition from
socialism to capitalism under newly established pluralistic
political systems in Central and Eastern Europe. Most of the essays
are based on the first-hand experience of the author in stabilizing
an economy in an early stage of hyperinflation and in transforming
it into a competitive capitalist market economy.
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