Problems of Transition from a Planned to a Market Economy

Research, Preprint OPEN
Krelle, Wilhelm;
  • Publisher: Bonn: University of Bonn, Bonn Graduate School of Economics (BGSE)
  • Subject: P2 | transition, planned economy, market economy | market economy | economic ones, which are connected with the transition process are discussed. | E1 | planned economy | E2 | transition
    • jel: jel:E2 | jel:E1 | jel:P2
      ddc: ddc:330

The paper shows that a transition from a planned to a market economy implies an important change of the structure of production, i. e. a reallocation of resources which takes time and induces sufferings for some people. These sufferings may be reduced by subsidization o... View more
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