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Economic Equilibrium and Soviet Economic Reform

Herbert Scarf

No 969, Cowles Foundation Discussion Papers from Cowles Foundation for Research in Economics, Yale University

Abstract: The paper, prepared for a Roundtable on Major Economic Problems in the U.S. and the U.S.S.R., discusses some aspects of price theory ñ in particular, the theory of general equilibrium -ñ which may offer some theoretical insights about the economic problems to be encountered during the transition from Socialism to private markets in the Soviet Union.

Keywords: Socialism; scale economies; general equilibrium; market structures; prices; price theory (search for similar items in EconPapers)
JEL-codes: P22 P23 P51 (search for similar items in EconPapers)
Pages: 39 pages
Date: 1991-02
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