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The Socialist System
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The Socialist System: The Political Economy of Communism

Janos Kornai


This book presents a comprehensive analysis of socialist economics. It addresses the reasons for the early successes of socialist systems, and the reasons for their gradual breakdown. There are twenty‐eight chapters, of which the first two (in Part One of the book) are introductory. The remaining chapters are arranged in two further parts. Part Two, (chapters 3–15), deals with classical socialism, defined as the political structure and economy that developed in the Soviet Union under Stalin and in China under Mao Zedong, and emerged in the smaller countries of Eastern Europe and in several Asi ... More

Keywords: classical socialism, communism, failure, history, political economy, reform, socialism, socialist economics, socialist systems

Bibliographic Information

Print publication date: 1992 Print ISBN-13: 9780198287766
Published to Oxford Scholarship Online: November 2003 DOI:10.1093/0198287763.001.0001


Affiliations are at time of print publication.

Janos Kornai, author
Institute of Economics, Hungarian Academy of Sciences, Budapest; Visiting Professor, Harvard University
Author Webpage