Obstacles to Economic Reform of Socialism: An Institutional-Choice Approach

Barry W. Ickes

The ANNALS of the American Academy of Political and Social Science, 1990, vol. 507, issue 1, 53-64

Abstract: Marketizing reforms are often suggested as remedies for the problems that plague socialist economies. Introducing market reforms is a complex problem. This article examines the obstacles to such reforms. It employs an institutional-choice perspective to study the conditions that are necessary to make marketization effective and discusses the likely outcomes of incomplete marketization.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:sae:anname:v:507:y:1990:i:1:p:53-64

DOI: 10.1177/0002716290507001006

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