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The road to a market economy

Elements of a normative theory of system transformation

  • System Transformation
  • Published:
Intereconomics

Abstract

The ongoing conversion of the economies of former socialist countries into market economies has so far suffered from the lack of a theory of system transformation (policy) which indicates the means of achieving the desired objectives and makes it possible to evaluate the transformation policies of individual countries. The following article outlines the essential aspects of such a theory.

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Authors and Affiliations

  1. Hamburg Institute for Economic Research (HWWA), Hamburg, Germany

    Dieter Lösch

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  1. Dieter Lösch
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Lösch, D. The road to a market economy. Intereconomics 27, 255–260 (1992). https://doi.org/10.1007/BF02928057

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  • DOI: https://doi.org/10.1007/BF02928057

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