{"product_id":"the-hungarian-model-markets-and-planning-in-a-socialist-economy-hardback-9780521343145","title":"The Hungarian Model; Markets and Planning in a Socialist Economy (Hardback) 9780521343145","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eThe Hungarian Model\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eMarkets and Planning in a Socialist Economy\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eXavier Richet (Author), J. C. Whitehouse (Translated by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521343145, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 17 August 1989\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e224 pages\u003cbr\u003e22.8 x 15.2 x 2.1 cm, 0.47 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThis book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform. Within a wider discussion of the appliance and success of Soviet-type economies (STEs), the author investigates the decentralizing measures and market mechanisms which have been progressively introduced and considers the limits on and limitations of the Hungarian economic model. The reforms adopted since 1968, known initially as the New Economic Mechanism, were intended to build a system of market socialism combining micro-economic efficiency, indirect regulation and socialist ethical principles. However, the predicted improvements in the economy still have not fully materialized: living standards have begun to drop, output is sluggish and hard currency trade and payments have been a real difficulty. Indeed, change in the country's leadership is perhaps a recognition of the need for a clearer direction in the field of social and economic reform. This English version of Xavier Richet's French original provides much insight into what has gone wrong in Hungary and also suggests ways future pitfalls might be avoided.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePreface\u003cbr\u003e Foreword\u003cbr\u003e 1. A model of market socialism?\u003cbr\u003e 2. The centralization and decentralization of the socialist economy\u003cbr\u003e 3. Opening up the centralized model\u003cbr\u003e 4. The instruments of indirect guidance\u003cbr\u003e 5. Macro-economic planning and the behaviour of agents\u003cbr\u003e 6. Investment choices\u003cbr\u003e 7. Adaptations of the decentralized model\u003cbr\u003e Conclusion\u003cbr\u003e Notes\u003cbr\u003e Bibliography\u003cbr\u003e Index.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46007107715352,"sku":"9780521343145","price":81.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521343145i_45ab26c2-0890-42c0-8320-ca028f7a9864.jpg?v=1691375480","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/the-hungarian-model-markets-and-planning-in-a-socialist-economy-hardback-9780521343145","provider":"Freshly Printed Books","version":"1.0","type":"link"}