The entire world was taken by surprise when 1990 brought an end  to Soviet communism in Europe and thus a genuine end to World War II.  The fact that these developments surprised not only the leaders and  the people of the countries concerned, but also scholars is an  extraordinary challenge to the students of Soviet-type economics. In  the academic world, where predictive force is one of the key  indicators of a successful theory, this weak performance calls into  question the validity of earlier findings and interpretations.  Something was wrong in the general framework. Socialist  Investment Cycles offers an explanation of this failure.    Socialist Investment Cycles is the first monograph in English on  investment fluctuations in planned economies, a chapter in history.  While providing a broad overview of the literature on socialist  investment cycles, as well as a quantitative description of the actual  processes, the author puts forth a new framework for understanding  investment fluctuations. In this framework socialist planners were  able to adjust the volume of investments without risking the  fulfillment of politically more sensitive target variables.   Socialist Investment Cycles encompasses all thirty-five  countries which were ruled by communism and is the first study to  penetrate deeply into the data problem, country by country, and series  by series. Socialist Investment Cycles has been written  after the collapse of Soviet-type communism in Eastern Europe,  the USSR, and the countries of Asia and Africa. It thus offers a  retrospective view on both the theory and practice of socialist  economies.

Socialist Investment Cycles: Analysis in Retrospect (International Studies in Economics and Econometrics)

Business & Money

Mihályi, Péter

Economics

Springer

This book intends to be a contribution to the "varieties of capitalism" paradigm. The theoretical background is Weber 's theory of legitimacy. Was communism ever "legitimate"? What kind of legitimacy claims were made in the transition from communism to capitalism? Central Europe was closer to the Western "liberal" model. Russia built capitalism in a patrimonial way. China followed its own unique way; some called it "socialism with Chinese characteristics". Putin experiments with an innovation for post-communist capitalism. He confronts the "oligarchs" and reallocates property from those who challenge his political authority to old and new loyal ones. This book asks to what extent such forms can serve as generic models for post-communist capitalism?

Varieties of Post-communist Capitalism: A Comparative analysis of Russia, Eastern Europe and China (Studies in Critical Social Sciences)

Szelényi, Iván

Haymarket Books

<div> Mihályi and Szelényi provide a timely contribution to contemporary debates about inequality of incomes and wealth, offering a careful examination of various sources of rent in contemporary societies, and considering several policy options to reduce inequality in order to preserve the meritocratic nature of liberal democracies. While Rent-Seekers, Profits, Wages and Inequality&nbsp;acknowledges the rapid and disturbing increase of incomes and wealth in the top 1 or 0.1%, it focuses on the increasing rent component of incomes and wealth in the top 20% as even more consequential. The attention to cutting-edge issues on inequality in macroeconomics, political science and sociology will appeal to social scientists interested in income distribution and wealth accumulation. </div>

Rent-Seekers, Profits, Wages and Inequality: The Top 20%

Palgrave Pivot

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