Socialism in Less than One Country

A. Schnytzer

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review


This paper is concerned with the problem of transition from a socialist centrally-planned economy to a capitalist mixed-market economy. Such a transition has never been made, although, since the mid-sixties, there have been attempts -- mostly failed -- to extend the role of commodity-money relations within a socialist framework. I point out the existence of an economic system which, while apparently representing a transitional stage between central planning and the market, itself introduces difficulties on the path to reform.1 A transition trap can emerge. I term the economic system of the transition trap “socialism in less than one country”.
Original languageAmerican English
Title of host publicationMarkets and Politicians: Politicized Economic Choice
EditorsL. A. Hillman
Place of PublicationBoston
StatePublished - 1991


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