Overcentralization in Economic Administration

Abstract

Abstract Overcentralization in Economic Administration: A Critical Analysis Based on Experience in Hungarian Light Industry provides an overview of the criticisms of socialist central planning. It elaborates on the economic organization of centrally planned economies. The economic changes of 1968 had been primarily influenced by the Hungarian reform process. The book also identifies several systematic failures of the centrally planned economy, which resulted in weak economic performance and eventual disintegration of the economy. Due to the presented argument for radical changes, Overcentralization in Economic Administration became an essential reading material for people interested in the economics of transition in Eastern Europe.

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