Obstacles to Economic Reform of Socialism: An Institutional-Choice Approach

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5 Scopus citations


Marketizing reforms are often suggested as remedies for the problems that plague socialist economies. Introducing market reforms is a complex problem. This article examines the obstacles to such reforms. It employs an institutional-choice perspective to study the conditions that are necessary to make marketization effective and discusses the likely outcomes of incomplete marketization.

Original languageEnglish (US)
Pages (from-to)53-64
Number of pages12
JournalThe ANNALS of the American Academy of Political and Social Science
Issue number1
StatePublished - Jan 1990

All Science Journal Classification (ASJC) codes

  • Sociology and Political Science
  • General Social Sciences


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