The Capitalist Revolution in Eastern Europe: A Contribution to the Economic Theory of Systemic Change (Studies of Communism in Transition)

This volume offers an applied economics interpretation of the modernization process which followed the collapse of the Soviet empire and of the state socialist experiment. From 1984-1994 a loss of employment and production was recorded in Eastern Europe which exceeded that of the great depression of 1929-1933. This book questions why conventional economic doctrines seem to have failed in some countries but have been more successful in others. In attempting to build a bridge between abstract economic theory and the empirical material available in Eastern Europe, it adopts a broad framework of analysis making use of data and theories drawn from sociology, history and political science.