Why were Hungarians, including those who would be considered
radical in the West, happy to see the introduction of a market
economy? Why was there no real opposition to the dismantling of
socialist achievements like universal free education and health
care? Nigel Swain's topical book answers these questions through
one of the most thorough analyses to date of a socialist economy in
practice and dissolution.
Carefully tracing Hungary's postwar economic history, Swain shows
why both Stalinist central planning and 'feasible' market socialism
failed. He argues that these failures were caused not by
imperfections in the Hungarian model, but by crucial problems
inherent in the socialist project itself. Far from a eulogy to
free-market capitalism, yet offering a sobering account of the
consequences of socialist economic errors--technological
backwardness, corruption and declining morale--"Hungary" will be a
major contribution to political and economic debate on the left.
General
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