This setting lets you change the way you view articles. You can choose to have articles open in a dialog window, a new tab, or directly in the same window.
Open in Dialog
Open in New Tab
Open in same window

Journal of Economic Perspectives: Vol. 4 No. 2 (Spring 1990)

Expand

Quick Tools:

Print Article Summary
Export Citation
Sign up for Email Alerts Follow us on Twitter

Explore:

JEP - All Issues


Socialist Economics: The Disequilibrium School and the Shortage Economy

Article Citation

van Brabant, Jozef M. 1990. "Socialist Economics: The Disequilibrium School and the Shortage Economy." Journal of Economic Perspectives, 4(2): 157-175.

DOI: 10.1257/jep.4.2.157

Abstract

This article focuses on the debate between Richard Portes and Janos Kornai as the respective exponents of two interpretations of economic behavior in centrally planned economies: the disequilibrium school, and the theory of the shortage economy. My objective here is to elucidate for the nonspecialist the core features of the debate between the disequilibrium school and the shortage economy. Toward the end, I describe what might usefully be retained from this debate by economists who do not specialize in the study of centrally planned economies.

Article Full-Text Access

Full-text Article (Complimentary)

Authors

van Brabant, Jozef M. (UN Secretariat)

JEL Classifications

052: Socialist and Communist Economic Systems
027: Economics of Centrally Planned Economies--General

Comments

View Comments on This Article (0) | Login to post a comment


Journal of Economic Perspectives


Quick Tools:

Sign up for Email Alerts

Follow us on Twitter

Subscription Information
(Institutional Administrator Access)

Explore:

JEP - All Issues

Virtual Field Journals


AEA Member Login:


AEAweb | AEA Journals | Contact Us