Download or read book Money, Incentives and Efficiency in the Hungarian Economic Reform written by Joseph C. Brada and published by Routledge. This book was released on 2019-07-04 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: The essays in this volume document the serious shortcomings of the Hungarian economic reform, which in two decades has brought deteriorating economic performance, declining real wages, a fiscal deficit and severe inflationary pressures. It has proved unexpectedly difficult to substitute a regulated market economy for a centrally planned one. The authors of these essays argue that the problems stem from the incompleteness of the reforms and their compromise character. Today, as the Hungarians prepare to implement more radical measures, constraining the Communist party and rolling back state ownership, they do so under economically difficult conditions.