The Economics of Transition: From Socialist Economy to Market Economy (Paperback)

'Literature on transition tends to be a highly perishable commodity. A rare exception is Marie Lavigne's book...what makes this book different? Probably the thorough attention that the author pays to the take-off conditions of the transition process: the framework of central planning and political control under Soviet-type real socialism...substantially revised to include the lessons learned during the past decade.' - Martin Schrenk, In Transition

'Lavigne provides an excellent overview of a wide range of transition issues. Her critical, objective and highly readable analysis ranges from the basic features, achievements and the ultimate failure of the socialist economies to some of the key aspects of the transition process...in its range and understanding of major issues, this book has few serious rivals.' - Dr Mica Panic, University of Cambridge

Reviews of the first edition:

'...Her excellent book will certainly be placed on the reading list by teachers of very many courses, myself included....Marie Lavigne is an outstanding, highly knowledgeable representative....One of the book's main merits is its very rich store of information. It contains much data and a great number of lucid and informative tables.' - János Kornai, Harvard University and Collegium Budapest

'...an excellent, well-informed, well-researched reference book with a broad range. It merits its place on the reading lists of courses on transition economics.' - Alfred Steinherr, European Investment Bank, Journal of Economics of Transition

'...an excellent introduction to the economic history of the ex-communist countries....' - F. Barry, Le Courier des Pays de l'Est

'Given its systematic and comprehensive character, this will make an excellent textbook or primer for the novice but can also serve as a useful reference volume for anyone who wants to look up from his own more specialized focus and see the broader background and to consider the distilled judgement of a long-term observer as to how we ought to think about this historic transformation.' - Robert Campbell, Indiana University

Contents: Preface - PART 1: THE PAST: REAL SOCIALISM

The Bases of the Socialist Economic System

History

The Reforms: Experiences and Failures

The Performance

International Economic Relations

PART 2: THE PRESENT: TRANSITION IN THE MAKING

The End of the System

Macroeconomic Stabilisation

Privatization and Structural Reforms

Reintegrating the World Economy

When is Transition Over?

Conclusion

Bibliography

Index