Market Socialism: The Model that Might Have Been—But Never Was

Domenico Mario Nuti ()
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Domenico Mario Nuti: University of Rome

Chapter 10 in Collected Works of Domenico Mario Nuti, Volume I, 2023, pp 223-239 from Palgrave Macmillan

Abstract: Abstract The ultimate model for the wave of economic reforms attempted in Central Eastern Europe over the last thirty-five years has been a moving target. At first, reform aimed at improving Soviet-type central planning, replacing central commands with contractual relations, using net value instead of gross physical indicators of enterprise performance, credit instead of budgetary grants, material incentives instead of campaigns, and gearing the system to some market signals, especially to world markets (e.g. Poland, 1956; USSR, 1965; Hungary, 1968; Czechoslovakia, 1981).

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-3-031-12334-4_10

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DOI: 10.1007/978-3-031-12334-4_10

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