Highlighting recent revolutionary changes, this volume deals with the ongoing transformation from central planning towards more efficient economic structures in Eastern and Central Europe and the former USSR. Political democracy and the creation of market economies have now become realistic aims but the process of reform is only just beginning and is likely to take many years. The papers and discussions deal with systematic changes, deregulation, abolition of price controls and macroeconomic fiscal and monetary policies needed to stabilise the economics and to implement appropriate structural changes.

Inhalt
Editor's Introduction; C.Saunders - PART 1: CONCEPTS, THEORIES AND AIMS - Transition of Economic Systems: Basic Aspects; N.Kloten - Transition from Command to Market Economies; R.Yevstigneev - Concepts of Transition in Socialist Economies; K.Laski - The Neoliberal Concept of Economic Order; H.Leipold - Comments on Part 1; R.Lang, H-J.Wagener & K.Laski - PART 2: TRANSFORMATION POLICIES IN EASTERN EUROPE - Policies for Stabilisation and Adjustment in the Transition Period; E.Hochreiter & P.Back - Monetary and Financial Policies in the Transition Period; P.Rieger - Foreign Economic Relations in Eastern Europe's Transition; J.Stankovsky - Comments on Part 2; G.Fink, V.Kudrov, N.Mates & D.Salvatore - PART 3: AGRICULTURE IN THE TRANSITION PROCESS - Problems in East European Agriculture; C.Boffito - Agriculture in the Hungarian Reform; I.Benet - The Restructuring of East European Agriculture; K-E.W dekin - PART 4: COUNTRY STUDIES OF TRANSITIONS: WEST - West Germany: the Monetary Reform of 1948 and the Rebirth of the Market Economy; J.Molsberger - Austria: Solutions in a Unique Political Environment; H.Androsch - France: Two Big Transitions; B.Cazes - Comments on Part 4 G.Chaloupek - PART 5: COUNTRY STUDIES OF TRANSITIONS: EAST - Czechoslovakia: Strategies for Systematic Change; K.Kouba - East Germany: Transformation to a Social Market: Opportunities and Risks; W.Heinrichs - East Germany: a Special Case or a Precedent?; J.Kammerath - Hungary: Issues for Privatisation; L.Bokros - Hungary: Transformation in Progress; M.Tardos - Poland: the Adjustment Programme; U.Plowiec - Poland: Underpinning the Transition: the Shadow of the Round Table Agreements; B.Kaminski - Poland: Building a Joint Venture from a State Enterprise; R.Dolczewski - Soviet Union: Programmes of Economic Reform; V.Kudrov - Yugoslavia: Experience of Systemic Change; D.Vojnic - Comments on Part 5; N.Mates, K-E.Schenk, J.Kosta, A.Lukaszewicz & A.M.Vacic - PART 6: CONCLUDING REFLECTIONS - Economics and Politicsof Transition; H-J.Wagener - Specific Features of Transition from Plan to Market; A.M.Vacic - List of Participants - Index