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Money, Incentives, and Efficiency in the Hungarian Economic Reform (Chinese Studies on China)

Brada, Josef C.

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ISBN 10: 0873325664 / ISBN 13: 9780873325660
Published by M E Sharpe Inc, 1989
Used Condition: Good
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Former Library book. Shows some signs of wear, and may have some markings on the inside. Bookseller Inventory # GRP2842411

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Title: Money, Incentives, and Efficiency in the ...

Publisher: M E Sharpe Inc

Publication Date: 1989

Book Condition:Good

About this title


The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.

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