This book provides an exceptionally thorough treatment of the Hungarian economy and its experience of economic reform.

Preface; Foreword; 1. A model of market socialism?; 2. The centralization and decentralization of the socialist economy; 3. Opening up the centralized model; 4. The instruments of indirect guidance; 5. Macro-economic planning and the behaviour of agents; 6. Investment choices; 7. Adaptations of the decentralized model; Conclusion; Notes; Bibliography; Index.