Cover

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pp. 1-3

Title Page

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pp. 4-4

Copyright Page

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pp. 5-7

Table of Contents

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pp. vii-viii

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Foreword

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pp. ix-xii

I started writing this book in the course of 2009, in a year which was to be considered annus miserabilis from the very beginning. The autumn of 2008 wrought havoc on the whole world. Collapsing banks and insurance companies, financial sector meltdown, global recession, fiscal bankruptcy created unprecedented fear and pessimism in many countries. Govern-...

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Introduction

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pp. 1-8

The title of this book occurred to me at dawn on Sunday, August 7, 2011 when I was sitting at the eleventh floor balcony of a quite decrepit hotel in Mangalia, a small resort town on the Romanian littoral. While marveling on the magnificent view of the sun as it was rising from the waters of the Black Sea, I was reflecting on my fantastic experience the day before. ...

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1. Communism as an Economic and Societal System in the Twentieth Century

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pp. 9-56

It is extremely hard to describe a non-market economy in positive terms. Contemporary analyses highlighted that in a non-market system there was no freedom of contract, entrepreneurial autonomy, consumer choice, money and profit. All true in negative terms. But it does not make up for an eloquent and suggestive description of what exactly a command econ-...

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2. Transition to Market and Democracy in Central and Eastern Europe

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pp. 57-166

Transition from a command economy to a market-oriented one and from a totalitarian societal system towards a democratic one has been, and still is, a historically unprecedented endeavor. Furthermore, as the collapse of the communist system was almost completely unexpected and unforeseen, nobody had prescribed what to do in case of its demise in a systematic ...

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3. Transition for the Twenty-First Century

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pp. 167-176

My answer to that question is, unsurprisingly, a definitive no. This short reply can be easily deducted from the principal narrative of this book. But the long response is almost equally obvious: without further profound economic, societal, cultural, ethical and psychological transformation, the dire negative legacy of the communist system cannot be overcome. ...

References

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pp. 177-188

Index

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pp. 189-192

Back cover

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pp. 206-206