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| Property Rights | |
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| Introduction to Property Rights | |
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| Property Rights and Ownership | |
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| Property Rights and Exclusion | |
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| Property Rights and Efficiency | |
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| A Brief Introduction to Property Rights and Socialism Appendix to Chapter 1 Questions for Review, Discussion, Examination | |
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| The Traditional Soviet-type Economy | |
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| The Notion of Planning | |
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| Centralization vs. Decentralization | |
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| Organization and Motivation Questions for Review, Discussion, Examination | |
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| Political Rights and the Role of Government in a Market Economy | |
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| The Political Dimension of an Economic System | |
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| Social Insurance | |
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| Expansion of the Public Sector in Market Economies | |
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| Industrial Policy in a Mixed Economy | |
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| Per-Capita GNP in Developed, Transition, and Rapidly Growing Asian Economies Questions for Review, Discussion, Examination | |
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| Roots of Modern Economic Systems | |
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| An Hypothesis of Historical Development | |
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| Pre-Capitalist Economies | |
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| The Emergence of Markets and of Nation States Questions for Review, Discussion, Examination | |
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| Two Views of the Evolution of Modern Capitalism: Capitalism as a Pressure Economy | |
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| Marx on the Evolution of Modern Capitalism | |
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| The Excess Supply of Labor Under Capitalism | |
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| Schumpeter's Theory of Capitalist Development | |
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| On the Symmetry Between Soviet-type and Free Market Economies Questions for Review, Discussion, Examination | |
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| Varieties of Socialism and Pretransition Efforts to Reform Soviet-type Economies | |
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| The Socialist System Envisaged by Marx and Engels | |
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| Basic Forms of Socialism | |
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| Efforts to Reform Soviet-type Economies | |
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| Reasons for Reform Efforts and Reform Failure | |
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| Perestroika | |
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| Concluding Comments: The Outcome of Perestroika Questions for Review, Discussion, Examination | |
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| The Problem of Transition from a Soviet-type to a Market Economy | |
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| Introduction: The Nature of the Transition Problem | |
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| Sequencing of Reforms in Gradual Transition | |
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| Gradual Transition vs. Big Bang | |
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| The Effect of Freeing Prices in a Transition Economy | |
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| The Soft Budget Constraint and the Nature of Financial Markets in Transition Economies | |
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| Conclusion: The Current Status of Transition Suggested | |
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| Further Readings | |
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| Index | |
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| About the Author | |