In recent years, researchers on transition economies have concluded that income inequality increased in the former socialist countries of eastern Europe and central Asia despite the liberalization of political and economic life. This judgment, however, places too much credence in the data reported by socialist planners and underestimates the cumulative effect of the myriad inequalities present under socialism.
Friday, February 04, 2005
The Hidden Inequality in Socialism
David R. Henderson, Robert M. Mcnab, and Tamas Rozsas have a new article (pdf) for The Independent Review about The Hidden Inequality in Socialism. According to the authors