Abstract
During the sixties, a quite vivid debate developed among economists and sociologists on the issue raised by Tinbergen ([58], p. 341) on the converging pattern shown by centrally planned and market economies, as each system was adopting elements of the other (2). In a nutshell, the thesis was that the two economic systems, considered less than optimal in the light of their difficulties, would move towards an intermediate “optimal” economic regime. However, Tinbergen concluded underlining that: «It is … hardly conceivable that we will soon be able to indicate precisely where the optimum lies, or even to say whether ‘East and West’ will actually ‘meet’ in their attempts to find the ‘welfare summit’».
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© 1993 SIPI Srl, Rivista di Politica Economica
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Giustiniani, A., Papadia, F., Porciani, D. (1993). The Effects of the Eastern European Countries’ Economic Reform on the Western Industrial Economies: a Macroeconomic Approach. In: Baldassarri, M., Mundell, R. (eds) Building a New Europe. Central Issues in Contemporary Economic Theory and Policy. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-22922-2_8
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