Economic Equilibrium and Soviet Economic Reform

Preprint OPEN
Herbert E. Scarf (1991)
  • Subject: Socialism, scale economies, general equilibrium, market structures, prices, price theory
    • jel: jel:P22 | jel:P23 | jel:P51

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.
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