The Market and the State under Perestroika

This article argues that efficiency gains sought by perestroika reform of the Soviet economy can only be realized in a full-fledged market economy. A system of indirect planning is seen as a transitory stage on the way to the optimal regime. In order to realize X-efficiency, indirect planning has to...

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Veröffentlicht in:	Kyklos (Basel) 1990-01, Vol.43 (3), p.359-383
1. Verfasser:	Wagener, Hans-Jürgen
Format:	Artikel
Sprache:	eng
Schlagworte:	Capitalism Eastern Europe Economic conditions Economic planning Economic policy Economic reform Market Perestroika Soviet Union State
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creator	Wagener, Hans-Jürgen
description	This article argues that efficiency gains sought by perestroika reform of the Soviet economy can only be realized in a full-fledged market economy. A system of indirect planning is seen as a transitory stage on the way to the optimal regime. In order to realize X-efficiency, indirect planning has to institutionalize all market elements except the market price mechanism. Four elements are analyzed more closely: enterprise, legality, competition, and money and capital. Perestroika has not yet accomplished its task, its constraint being the power claim of the monopoly party. Copyright 1990 by WWZ and Helbing & Lichtenhahn Verlag AG
doi_str_mv	10.1111/j.1467-6435.1990.tb02053.x
format	Article
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source	RePEc; PAIS Index; Periodicals Index Online; EBSCOhost Business Source Complete; Access via Wiley Online Library
subjects	Capitalism Eastern Europe Economic conditions Economic planning Economic policy Economic reform Market Perestroika Soviet Union State
title	The Market and the State under Perestroika
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