The Hungarian Model Markets and Planning in a Socialist Economy [Paperback]

This book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform.This book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform. Within a wider discussion of the appliance and success of Soviet-type economies (STEs), the author investigates the decentralising measures and market mechanisms which have been progressively introduced and considers the limits on and limitations of the Hungarian economic model.This book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform. Within a wider discussion of the appliance and success of Soviet-type economies (STEs), the author investigates the decentralising measures and market mechanisms which have been progressively introduced and considers the limits on and limitations of the Hungarian economic model.This exceptionally thorough treatment of the Hungarian economy and its experience of economic reform over the past twenty years investigates the decentralizing measures and market mechanisms that have been progressively introduced. Within a wider discussion of the appliance and success of Soviet type economics (STES), the author considers the limitations on and limitations of the present Hungarian economic model. This timely English version of Xavier Richet's French original provides much insight into what has gone wrong in Hungary and suggests ways future pitfalls might be avoided.Preface; Foreword; 1. A model of market socialism?; 2. The centralization and decentralization of the socialist economy; 3. Opening up the centralized model; 4. The instruments of indirect guidance; 5. Macro-economic planning and the behaviour of agents; 6. Investment choices; 7. Adaptations of the decentralized model; Conclusion; Notes; Bibliography; Index.