Main Obstacles to Rapid Economic Transformation of Eastern Europe: The Czechoslovak View

  • Václav Klaus
Part of the A Publication of the Egon-Sohmen-Foundation book series (EGON-SOHMEN)

Abstract

In the past decades, the citizens of East European countries (including Czechoslovakia) have experienced a gradual, but substantial loss of illusions concerning the potentials of a centrally planned economy (and society); the discontent of more than forty years of a planned, instead of an open, society (in the same sense as Popper) became visible in the dramatic year of 1989. The newly formed governments (with a popular mandate) now have the unique opportunity to transform their economies into normally functioning market economies of the Western type.

Keywords

Europe Income Pyramid Milton Sowell 

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References

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Copyright information

© Springer-Verlag Berlin Heidelberg 1991

Authors and Affiliations

  • Václav Klaus

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