Jan Toporowski: Eastern Europe: Post-Communist Assets in Crisis

During the 1980s, in the final years of communism, Eastern European economists and politicians were easily persuaded by the myth that removal of the petty restrictions on private business would allow private enterprise to flourish. The idea of a permanent state of capitalist dynamism is rooted in the notion that finance spontaneously backs industrial enterprise.                                                                                                         Many economists assume, at least in their abstract theories More

 

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