Jump to ContentJump to Main Navigation
From Marx to the MarketSocialism in Search of an Economic System$
Users without a subscription are not able to see the full content.

Wlodzimierz Brus and Kazimierz Laski

Print publication date: 1991

Print ISBN-13: 9780198283997

Published to Oxford Scholarship Online: November 2003

DOI: 10.1093/0198283997.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 19 October 2020

The Hungarian Practice

The Hungarian Practice

(p.61) 6 The Hungarian Practice
From Marx to the Market

Włodzimierz Brus

Kazimierz Laski (Contributor Webpage)

Oxford University Press

The first practical application of the idea of market socialism (but not necessarily along Lange's model) was made in early 1950s in Yugoslavia after the break with the Soviet Union, and in conjunction with countrywide system of ‘workers’ self‐management’. As for the Soviet‐bloc countries, the dissatisfaction with the command system and a tendency to introduce some elements of market mechanism manifested itself openly in (failed) in Poland, as well as in several other countries starting from mid‐1950s. However, by the beginning of the 1980s, out of all these attempts, only the Hungarian ‘New Economic Mechanism’ survived, albeit not in the initial form of combining central planning with elements of market mechanism. The Hungarian NEM improved somewhat the economic performance, but in fundamentals, it also failed, becoming reduced to a shift from direct bureaucratic control to indirect control from the centre.

Keywords:   central planning, command system, Hungary, indirect bureaucratic control of the economy, market mechanism, New Economic Mechanism, Poland, shortage economy, Yugoslavia

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .