TY  - JOUR
AB  - Formerly socialist economies of Eastern Europe have been advised by
the West to adopt the property rights of classical capitalism. Yet the
Western economies from which this advice emanates are all struggling to
overcome productivity stagnation, resulting from the tensions between
the interests of capital and labour. Experiments range from quality
circles to far fuller worker participation in decision making and
ownership. However, these experiments are coming forth slowly and
timidly. Once in place, property rights are exceedingly difficult to
alter. Thus those property rights chosen within East European economies
over the next several years may be those which define these economies
for the foreseeable future. Consequently, it would be an ironic and
tragic twist of fact if East European economies were to turn now towards
classical capitalism only to find that the future belongs to
post‐capitalist forms of productive organization.
VL  - 20
IS  - 2
SN  - 0306-8293
DO  - 10.1108/03068299310025534
UR  - https://doi.org/10.1108/03068299310025534
AU  - Wisman Jon D.
PY  - 1993
Y1  - 1993/01/01
TI  - Should Formerly Socialist Economies Attempt to Leapfrog Classical Capitalism?
T2  - International Journal of Social Economics
PB  - MCB UP Ltd
SP  - 12
EP  - 26
Y2  - 2024/04/19
ER  -