Economic Equilibrium and Soviet Economic Reform
Preprint
OPEN
Herbert E. Scarf
(1991)
-
Subject:
Socialism, scale economies, general equilibrium, market structures, prices, price theory
The paper, prepared for a Roundtable on Major Economic Problems in the U.S. and the U.S.S.R., discusses some aspects of price theory ñ in particular, the theory of general equilibrium -ñ which may offer some theoretical insights about the economic problems to be encountered during the transition from Socialism to private markets in the Soviet Union.