An article published in Czechoslovakia just before the Soviet invasion of 1968, which stopped the progress of the economic reform aiming to transform the centrally planned command economy into a kind of market socialism. The article was acknowledging that the Marxian economics have no...

Presented at the Conference about Transition to a Market Economy in Baltic States, in Bergen, Norway, 1994. The paper gives an overview of diverse views on three basic questions: 1) Why did Communism collapse? 2)Why the transition to the Market Economy has been so difficult? and 3)Why some...

This article was published in the leading Czech journal of economics named “Politicka Ekonomie” in 1967 that is during the process of Economic Reform intended to change the Soviet-type Command Economy in a sort of Market Socialism. It was curious that while the need to revive the market...