How Not to Privatize

doi:https://doi.org/10.1007/978-1-349-23090-7_12

Book Chapter10.1007/978-1-349-23090-7_12

How Not to Privatize

Martin L. Weitzman-1993-01-01-Palgrave Macmillan UK eBooks

28

TL;DRAbstract

The task of privatizing the formerly socialist economies of Eastern Europe (I include the Soviet Union, or the republics of the Soviet Union) is one of the most formidable problems ever encountered by economic policy makers. This monumental task stands at the center of the transformation process. All important aspects of economic theory and policy are involved, because the process of widespread privatization goes to the heart of what the capitalist system is all about.

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The task of privatizing the formerly socialist economies of Eastern Europe (I include the Soviet Union, or the republics of the Soviet Union) is one of the most formidable problems ever encountered by economic policy makers. This monumental task stands at the center of the transformation process. All important aspects of economic theory and policy are involved, because the process of widespread privatization goes to the heart of what the capitalist system is all about.

Keywords

Soviet unionEconomic systemTask (project management)Economic transformationProcess (computing)EconomicsPolitical scienceEconomy

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