The Economics of Post-Communist Transition
The latest offering from a distinguished expert on the economics of transition, this is one of the few books to fully examine the movement in Central Europe from a centrally-planned economy to a market economy.
The 1995 Clarendon Lectures examine the process of economic reform in Central Europe. They focus on the effects of reforms on the labor market: the contraction of activities in the old state sector, and the development of activities in the new private sector. As well as wage determination, they also examine the restructuring decisions of firms and the dynamics of privatization.