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Struggle and Hope

Essays on Stabilization and Reform in a Post-Socialist Economy. Studies in Comparative Economic Systems

By (author) Janos Kornai
Format: Hardback
Publisher: Edward Elgar Publishing Ltd, Cheltenham, United Kingdom
Published: 15th Dec 1997
Dimensions: w 234mm h 156mm d 20mm
Weight: 593g
ISBN-10: 1858986060
ISBN-13: 9781858986067
Barcode No: 9781858986067
This major book presents an objective and penetrating economic analysis of stabilization and reform in Eastern Europe, combined with a compassionate plea for individual rights and solidarity. Janos Kornai - one of the most famous Hungarian economists of his generation - focuses on two main issues: first, the problems of stabilization and adjustment, which are painful but necessary conditions of sustainable growth and second, the reform of the `premature welfare state' of Eastern European countries, which is disproportionately large in relation to the resources available and which was hitherto managed in a highly centralized, bureaucratic and paternalistic way. Struggle and Hope goes beyond most other books on the transition process by placing considerable emphasis on the understanding of the ethical implications and the historical roots of each problem, and also the political conditions and consequences of change. Although economic efficiency is extremely important, it is not the exclusive criterion; ethical principles of individual sovereignty and solidarity must also receive particular attention. Professor Kornai's insightful analysis will become required reading for all those concerned with the process of post-socialist transition.

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`. . . he [the author] presents an interesting and original analysis of the transition to a post-socialist economy. . . . The book presents an illuminating analysis of the macroeconomic and social policy options in the process of change from a centrally planned, socialist economy to one based on the market and private enterprise.' -- Dharam Ghai, International Labour Review `This book could profitably be read by more than economists or specialists on Hungary. It does not require a sophisticated technical knowledge, and it goes well beyond a country study. What Kornai makes clear is that post communist transition is a process of worldwide significance to be explored with the whole array of tools provided by the social sciences.' -- Marie Lavigne, Slavic Review `. . . a thorough and judicious analysis of major problems and possible solutions.' -- M. Bornstein, Choice `Those of us who have admired the courage and good sense of Janos Kornai for many years will greet this compilation of his 1994-1996 articles and interviews with warm anticipation. Chapters 5 and 6 offer us the best account I have seen of the "gradualist" road to reform and system change in Hungary.' -- Martin C. Spechler, Comparative Economic Studies