Making markets

by Shafiqul Islam

"The collapse of communism in Europe and the former Soviet Union has produced one of the most daunting tasks of the twentieth century: the construction of market economies out of the wreckage of central planning. While there is a lively debate among economists on this transformation, little has reached a nonspecialist audience." "In Making Markets, Shafiqul Islam and Michael Mandelbaum call on four eminent economists to summarize the state of current thinking. Richard Portes, Centre for Economic Policy Research in London, surveys the process of transition, examining its primary features and...

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