Alternative Political Economy Models of Transition: The Russian and East European Perspective

by Marangos,John

• ISBN13: 9781412806961
• ISBN10: 1412806968
• Format: Nonspecific Binding
• Copyright: 2008-01-15
• Publisher: Routledge

Summary

The collapse of centrally administered socialism in Russia and Eastern Europe resulted in what is commonly referred to as the transition problem: the transformation from a centrally administered socialist economic system to one that is market-based. Economic science has been faced with the challenge of developing an appropriate body of analysis, advice, and direction to help other nations that may be undergoing this process. In this volume, John Marangos adopts a political economy approach that yields alternative models of transition.

Author Biography

John Marangos is associate professor in the Department of Economics at Colorado State University

Table of Contents

List of Figures and Tables	p. vii
Foreword	p. ix
Acknowledgements	p. xi
Introduction to the Transaction Edition	p. xiii
Comparative Models of Transition
The Collapse of the Stalinist Economic System	p. 3
The Analytical Framework	p. 27
The Cost of Transition	p. 67
Case Studies in Transition Economies
The Shock Therapy Model of Transition	p. 73
The Neoclassical Gradualist Model of Transition: Preventive Therapy	p. 111
The Post Keynesian Model of Transition: Developing a Civilized Society	p. 137
The Pluralistic Market Socialist Model of Transition	p. 169
The Non-Pluralistic Model of Market Socialism: The Chinese Approach	p. 205
Conclusions
Was There an Optimal Model of Transition?	p. 239
Appendix	p. 251
Bibliography	p. 267
Index	p. 311
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