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Consistency and Viability of Socialist Economic Systems
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318 b
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In 1985, General Secretary Mikhail S. Gorbachev led the Soviet Union through a series of revolutionary reforms, such as Perestroika ('Restructuring') and Glasnost ('Openness'). Yet many of these changes failed, resulting in the collapse of centrally administered socialism throughout the country and most of Eastern Europe. Consistency and Viability of Socialist Economics Systems establishes a new and enlightening approach to understanding complex socialist economies. This book presents an original analytical framework to better map out the relationship between the economic, political, ideological structures, and the external environment, as well as the reform process that gives rise to certain economic systems.
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