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Item Details
Title: HIGHWAY AND BYWAYS
STUDIES ON REFORM AND POST-COMMUNIST TRANSITION
By: Janos Kornai
Format: Hardback

List price: £27.95


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ISBN 10: 0262111985
ISBN 13: 9780262111980
Publisher: MIT PRESS LTD
Pub. date: 22 November, 1994
Edition: Revised ed.
Pages: 258
Description: The metaphor that frames this collection of recent studies reflects a broad perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses?
Synopsis: Hungarian economist Janos Kornai first used the metaphor of a single path to postsocialist transition in his earlier book, The Road to a Free Economy. The new metaphor that frames this collection of recent studies reflects a broader perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses?Kornai draws from his experiences of Hungarian reform as well as from countries of the former Soviet Union to make several major points. The first three studies describe what went wrong in countries that tried to mix elements of planned and market economies. Efforts made by communist countries to introduce market socialism (the "middle road") contained an inherent contradiction between the logic of socialism and the logic of a free enterprise system, and were doomed to failure.In the studies that follow, Kornai analyzes the ongoing dilemmas.The transition from communism to free enterprise is filled with daunting hurdles; it requires no less than redefining ownership, changing values concerning the distribution of wealth, transferring the control of political power, creating financial institutions and enforcing financial discipline, and making deep economic sacrifice. Kornai closes with an overall survey of postsocialist transition, describing the stages that countries tend to go through, that will be particuarly useful to scholars of comparative economic systems.
Illustrations: 4
Publication: US
Imprint: MIT Press
Returns: Returnable
Some other items by this author:
ANTI-AQUILIBRIUM (PB)
BUILDING A TRUSTWORTHY STATE IN POST-SOCIALIST TRANSITION
BUILDING A TRUSTWORTHY STATE IN POST-SOCIALIST TRANSITION (HB)
BUILDING A TRUSTWORTHY STATE IN POST-SOCIALIST TRANSITION (HB)
BUILDING A TRUSTWORTHY STATE IN POST-SOCIALIST TRANSITION (PB)
BY FORCE OF THOUGHT (HB)
BY FORCE OF THOUGHT (PB)
CONTRADICTIONS AND DILEMMAS (HB)
CORRUPTION, DEVELOPMENT AND INSTITUTIONAL DESIGN
CORRUPTION, DEVELOPMENT AND INSTITUTIONAL DESIGN (HB)
CREATING SOCIAL TRUST IN POST-SOCIALIST TRANSITION
CREATING SOCIAL TRUST IN POST-SOCIALIST TRANSITION (HB)
CREATING SOCIAL TRUST IN POST-SOCIALIST TRANSITION (PB)
DYNAMISM, RIVALRY, AND THE SURPLUS ECONOMY (HB)
EVOLUTION OF THE HUNGARIAN ECONOMY 1848-1998 - ONE-AND-A-HALF CENTURIES OF SEMI-SUCCESSFUL MODERNIZATION, 1848-1989, VOL 1 (HB)
EVOLUTION OF THE HUNGARIAN ECONOMY, 1848-1998 - ONE-AND-A-HALF CENTURIES OF SEMI-SUCCESSFUL MODERNIZATION, 1848-1989 VOL.2 (HB)
FROM SOCIALISM TO CAPITALISM
FROM SOCIALISM TO CAPITALISM (HB)
HIGHWAY AND BYWAYS (PB)
INSTITUTIONAL CHANGE AND ECONOMIC BEHAVIOUR
INSTITUTIONAL CHANGE AND ECONOMIC BEHAVIOUR
INSTITUTIONAL CHANGE AND ECONOMIC BEHAVIOUR (HB)
INSTITUTIONAL CHANGE AND ECONOMIC BEHAVIOUR (PB)
KRAFT DES GEDANKENS
MARKET AND SOCIALISM (HB)
OVERCENTRALIZATION IN ECONOMIC ADMINISTRATION
REFORMING THE STATE
REFORMING THE STATE (HB)
REFORMING THE STATE (PB)
STRUGGLE AND HOPE (HB)
STRUGGLE AND HOPE (PB)
THE ROAD TO A FREE ECONOMY (PB)
THE SOCIALIST SYSTEM (PB)
THE SOCIALIST SYSTEM (PB)
WELFARE AFTER COMMUNISM (PB)
WELFARE, CHOICE AND SOLIDARITY IN TRANSITION
WELFARE, CHOICE AND SOLIDARITY IN TRANSITION (HB)
WELFARE, CHOICE AND SOLIDARITY IN TRANSITION (PB)

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