Mutual Relations among Firms, Local Labor Markets and Consumers in an Economy of Shortages: The Case of Poland

Waldemar Frakowiak
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Waldemar Frakowiak: Academy of Economics, Poznan, Poland

The Review of Regional Studies, 1989, vol. 19, issue 2, 59-64

Abstract: This paper is addressed to the performance of an economy of shortages under current conditions. It is concerned with only a certain aspect of this type of economy, namely the mutual relations among firms,local labor markets, job-takers and consumers. Although the paper describes the case of Poland, certain more general observations are applicable to other European socialist countries. The paper is concerned with two questions. First, it indicates some institutions and factors that affect the level of the price of labor in an economy of shortages, and compares these to a capitalistic, market oriented economy. Second, some suggestions are made to policy makers regarding changes that would improve the relations considered.

Date: 1989
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