The author discusses the traditional system of management of the economy as it existed in the early 1950s in the USSR and goes on to deal with the reforms of the 1960s and of the 1980s, country by country. He shows that the focus of the reforms is on finding a proper combination of planning and the market mechanism, and their success will be judged by their ability to solve acute economic problems.

Professor Berend presents a comprehensive inside account of Hungary's economic reforms since the 1950s. Working from Communist Party archives, which have hitherto partially remained closed to scholars, Berend situates the history of these economic reforms within their political context, looking in particular at the role of the Soviet Union. He examines the theoretical background to reform, the obstacles that arose during implementation and the gradual realisation that minor reforms of the old system could no longer work. The Hungarian Economic Reforms 1953-1988 comes at a time when many centrally planned economies are examining their performance and structure and seeking suitable forms of change. The Hungarian reforms have attracted those countries wishing to rid themselves of their Stalinist command economies. Thus the book indirectly sheds light upon Chinese economic reforms and on Gorbachev's Soviet perestroika. It will be of interest to specialists and students of East European studies, with special reference to the EMEA, planned economies and economic reform.

The contributors to this volume analyze the rise of the socialist welfare system, its advantages and disadvantages. The main focus of the volume is the analysis of the changes carried out and also those expected in the welfare system in the USSR, Poland and Hungary as a result of economic reforms.

This book is a study of the Hungarian economy and its attempts at economic reform over the last 20 years. It provides insight into the failures of the past and suggests ways that future pitfalls might be avoided.