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The Socialist System: The Political Economy of Communism
 
 
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The Socialist System: The Political Economy of Communism [Paperback]

János Kornai (Author)

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Book Description

0691003939 978-0691003931 March 23, 1992

To understand the dramatic collapse of the socialist order and the current turmoil in the formerly communist world, this comprehensive work examines the most important common properties of all socialist societies. JNBnos Kornai brings a life-long study of the problems of the socialist system to his explanation of why inherent attributes of socialism inevitably produced in-efficiency. In his past work he has focused on the economic sphere, maintaining consistently that the weak economic performance of socialist countries resulted from the system itself, not from the personalities of top leaders or mistakes made by leading organizations and planners. This book synthesizes themes from his earlier investigations, while broadening the discussion to include the role of the political power structure and of communist ideology. Kornai distinguishes between two types, or historical phases, of socialism. The "classical socialism" of Stalin, Mao, and their followers is totalitarian and brutally repressive, but its components fit together and make up a coherent edifice. Associated with names like Tito, KNBdar, Deng-Xiaoping, and Gorbachev, "reform socialism" relaxes repression, but brings about a sharpening of inner contradictions and the eventual dissolution of the system. Kornai examines the classical system in the first half of the book, and moves on to explore the complex process of reform in the second half. The Socialist System is addressed to economists in the first place, but also to political scientists, sociologists, and historians. In addition, it will appeal to policymakers, business analysts, and government officials who need to understand either formerly or presently communist countries.



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Editorial Reviews

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Kornai's sweeping description, analysis, and condemnation of socialism is impressive.... Kornai's work is important for understanding the breakdown of socialist economics. -- Journal of Economic Literature

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Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
classical socialist system, vertical shortage, notional excess supply, ethical coordination, shortage phenomena, horizontal shortage, small family undertakings, notional excess demand, perfection campaigns, import hunger, macro tensions, classical socialism, nonprice signals, chronic shortage economy, postsocialist system, several socialist countries, competitive private firm, spontaneous incentive, other reforming countries, direct bureaucratic control, normal shortage, bureaucratic coordination, investment tension, medium profitability, informal private sector
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Soviet Union, East Germany, West Germany, Eastern European, United States, United Nations, North Korea, United Kingdom, Mao Zedong, Central Statistical Office, World War, Statisztikai Hivatal, Central Committee, Deng Xiaoping, World Bank, Disequilibrium School, Political Committee, Chinese Communist, International Monetary Fund, New Left, South Korea, War Communism, Western Europe, Great Leap Forward, Lorenz Curves
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