Abstract
For better understanding we must begin by distinguishing between a socialist economy and a mixed one: an economy organised on socialist lines is essentially different from and cannot be identified with a mixed economy organised on a capitalist footing. In an economy operating on socialist principles the foundation rests on a planned economy relying on state and cooperative ownership, although the market plays an important role too. At the same time, in a socialist economy where the market relations are well-developed, certain similarities with mixed economies will emerge, as will be described later.
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Notes
The seemingly most authentic comprehensive work about the problem is by O. E. Williamson: Markets and Hierarchies: an Analysis and Antitrust Implications (The Free Press, New York, 1975).
F.i. György Péter, A gazdasàgossàg és jövedelmezóség a tervgazdaságban (Efficiency and Profitability in the Planned Economy), Közgazdasàgi-és Jogi Könyvkiadó (Budapest, 1966).
Béla Csikós-Nagy, A gazdasàgirànyitàsi reform kuszöbén (At the Threshold of the Reform of Economic Control), Közgazdasàgi Szemle, No. 3 (1967); Ö évvel a gazdasàgiràntitàsi reform utàn (Five Years After the Reform of Economic Control), Gazdasàg, No. 2 1973);
Rezsó Nyers, 25 kérdés és vàlasz gazdasàgpolitikai kérdésekröl (25 Questions and Answers about Problems of Economic Policy) (1969).
H. Leibenstein, ‘Allocative Efficiency versus X-Efficiency.’ American Economic Review (June 1966) 392–415.
‘See e.g. A. O. Hirschmann, The Strategy of Economic Development (Yale University Press, New Haven, 1958).
The expression derives from E. Neuberger, who first used it to describe the system of management in Yugoslavia up to 1965. See E. Neuberger and W. J. Duffy, Comparative Economic Systems, a Decision-making Approach (Boston, London etc., Allyn and Bacon, 1976).
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© 1980 International Economic Association
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Nyers, R., Tardos, M. (1980). Enterprises in Hungary Before and After the Economic Reform. In: Baumol, W.J. (eds) Public and Private Enterprise in a Mixed Economy. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-16394-6_19
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DOI: https://doi.org/10.1007/978-1-349-16394-6_19
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