English Abstract: Paper considers the theoretic foundations, results and perspectives of transition process in Serbian economy. The foundations of that process were the postulats of neoclassical economics, the mainstream in recent world and domestic economic thought. They determined the goal, the methodology, and the ideological basis of transition process, and resulted especially in Washington Consensus, originally formulated by John Williamson in 1989, and that was implemented other among in eastern and south-eastern Europe. The implemented neoclassical proces took the form of either shock-therapy or gradualism, however each approach involved their combination. The results of the reforms, based on Consensus, showed, with some exceptions, that these countries realized deep and long-term economic fall, followed by similar processes in other spheres. Contrary to ordinary opinions that transition crisis show as result of inconsistency in reforms taking, this is normaly its result. As an analogue is the Morgenthau’s plan for West Germany observed, that has promoted Germany to industrial disarmament, and that would lead to its poverty and its transformation into raw material basis for the developed economies, and to impossibility of survival of the existing number of population. Fortunately for the Germany, Morgenthau’s plan was abandoned and Marshall’s plan was introduced. It lead to industrial renewal of Germany. For the transition countries it is also necessary, considering the practice and basic principles of the Other Canon, which have they origins as far as from the economic policy of the king Henry VII, to acess re-industrialization in the same way, which is the necessity for renewall of economies, and for overcoming the long-term crisis. Serbian Abstract: U radu se razmatraju teorijski osnovi, rezultati i perspektive procesa tranzicije privrede Srbije. Osnove ovog procesa činili su postulati neoklasične ekonomije, glavnog toka u današnjoj svetskoj i domaćoj ekonomskoj misli. Oni su opredelili cilj, ...
