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.

About the Author
Josef C. Brada Professor of Economics, Arizona State University; editor of Journal of Comparative Economics and co-editor of Soviet and Eastern European Foreign Trade. Istvah Dobozi Department Head, Research Institute for the World Economy, Hungarian Academy of Sciences.


Book Information
ISBN 9780873325660
Author Joseph C. Brada
Format Hardback
Page Count 200
Imprint M.E. Sharpe
Publisher Taylor & Francis Inc
Weight(grams) 480g