Socialist and Transition Economies

Socialist and transition economies (JEL P2) cover socialist systems and their transition to markets.

Scope

It includes central planning, market socialism, and the economics of transition from plan to market.

Sub-topics

• General
• Planning, Coordination, and Reform
• Prices
• Factor and Product Markets • Industry Studies • Population
• National Income, Product, and Expenditure • Money • Inflation
• Urban, Rural, and Regional Economics
• Property Rights
• Performance and Prospects
• Natural Resources • Energy • Environment
• Other

Core questions

• How do socialist economies allocate resources?
• How do economies transition from plan to market?
• What are the outcomes of transition?

Key concepts

• Central planning
• Market socialism
• Transition economics
• Privatization
• Shock therapy vs gradualism

Frequently asked questions

What is transition economics?

The study of how former centrally planned economies move toward market systems, and the outcomes of that process.