Alternative Economic Models of Transition FROM THE PUBLISHER
Marangos illustrates and develops an analytical framework proposing different models of transition for Central, Eastern Europe and the former Soviet Union economies based on a political economy approach. This makes it possible to understand the complexities of the transition process from a new and more enlightened perspective and to take account of the differing opinions of economists. This approach contrasts with the actual approach adopted at the time by the transition economies, which has been dominated by the neoclassical models, in particular, the shock therapy approach.
SYNOPSIS
The collapse of the Stalinist economic system in the Central European, Eastern European, and Russian economies was followed by a variety of approaches to economic transition. Seeking to answer the question of the optimal transition approach, Marangos (Colorado State U.) describes and analyzes a number of political-economic models of transition, with separate chapters on the "shock therapy," "neoclassical gradualist," "post Keynesian," "pluralistic market socialist," and "non-pluralistic socialist" models of transition. His work focuses on both policies and institutions. Annotation ©2004 Book News, Inc., Portland, OR
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