Capitalist Triumphalism in the Eastern European Transition

Peter Wiles

Chapter 2 in The Transformation of the Communist Economies, 1995, pp 46-77 from Palgrave Macmillan

Abstract: Abstract The loss of production volume in the three most studied ‘transitional’ economies of Eastern Europe (Poland, Hungary, Czechoslovakia) has been about 18 per cent over the last three years (January 1990-December 1992); about 33 per cent in Bulgaria; and very large unknown proportions in Romania, Albania and USSR; though the latest figures show a very mild recovery in Poland in the last quarter of 1992. In face of this huge catastrophe, this conflation-and-revision of my two earliest papers in transitional economics (Wiles, 1991, 19921), though hostile and unorthodox on the general ideology of transition, has disappointingly little to say about what more should be done, for it is not clear that these false theories did cause the whole catastrophe or that good ones would have avoided all or even much of it.

Keywords: Trade Credit; Retail Prex; Shock Therapy; Transitional Economic; Polish Economy (search for similar items in EconPapers)
Date: 1995
References: Add references at CitEc
Citations: View citations in EconPapers (1)

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:palchp:978-1-349-23916-0_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349239160

DOI: 10.1007/978-1-349-23916-0_2

Access Statistics for this chapter

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