The Affinity Between Ownership and Coordination Mechanisms: The Common Experience of Reform in Socialist Countries

János Kornai, Aleksandar M. Vacić, Pekka Sutela and Don Patinkin
Additional contact information
Aleksandar M. Vacić: Economic Commission for Europe
Pekka Sutela: University of Helsinki
Don Patinkin: Hebrew University of Jerusalem

Chapter 3 in Market Forces in Planned Economies, 1990, pp 32-73 from Palgrave Macmillan

Abstract: Abstract The title of the session in which this paper was given, ‘The Theory of Markets in a Planned Economy’, suggests two alternative approaches. One is that of a normative theory — that is, the elaboration of a theoretical blueprint for an economy, relying upon both the plan and the market. Whatever might be the significance of such an approach, this paper takes as its basic themes the other approach, namely positive analysis. A reform process is under way in several socialist countries. The course of thought applied in the paper is based on the hypothesis that in all reform countries it is possible to identify certain common tendencies. Of course, each reforming country constitutes a unique case, and one must look hard to find suitable ways of discerning common patterns of reform in countries as diverse as Yugoslavia, Hungary, China, Poland and the USSR. One must accomplish another equally difficult task as well, that is the task of properly evaluating the cases of failed reform such as the one which was attempted in 1968 in Czechoslovakia. Nevertheless, there exist many common lessons, and in this paper we will attempt to delineate some of them.

Keywords: Private Sector; Market Economy; Socialist Economy; Coordination Mechanism; State Ownership (search for similar items in EconPapers)
Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (11)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-11559-4_3

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349115594

DOI: 10.1007/978-1-349-11559-4_3

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().