This article shows that after the collapse of the USSR the post-socialist countries all followed a similar path: after the transformation fall in social production they are now in the stage of growth. Moreover, this does not depend on particular circumstances connected with, for example, the...

The situation that developed in 1989-91-when demand exceeded supply, prices were fixed, employment was full, the surplus money supply was consumed in regulated distribution in queues, black market prices differed sharply from official prices, and savings were of a forced nature-was by no means a...

Departing from tradition, both Yegor Gaidar, former Prime Minister of the Russian Federation, and Karl Otto Pöhl, former Chairman of the German Bundesbank, were invited to give the 1993 Lionel Robbins Lectures. The experiences of each author reflect the vast economic changes spreading across...