Transformation of the Communist Economies: Against the Mainstream

This text challenges the mainstream view that the best way to transform the communist economies is to have a rapid transition to a free-market economy and political democracy.

The articles in this book take this standpoint from economic and political theory, and from an evaluation of the different reforming countries in Europe and Asia.

It aims to explain the dramatic contrast in outcome between reforming countries that have pursued comprehensive system reform, and those that have pursued cautious, experimental strategies.