By Kalman Rupp
In keeping with firsthand, in-depth, empirical study carried out by way of Dr. Rupp in his local Hungary, this booklet is a causal research of the amazing monetary luck of personal production companies, and of the stipulations conducive to administrative aid for such ideologically disrespectable entrepreneurial companies. This examine arrives at a few unique and brilliant conclusions for the good fortune of personal company companies within the Soviet-type economic system whereas delivering beneficial info at the moment financial system of Communist international locations, the difficulty of financial reforms, the present difficulty of East ecu economies, and the customers and boundaries of structural reform during this afflicted quarter.
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Additional resources for Entrepreneurs in Red: Structure and Organizational Innovation in the Centrally Planned Economy
The term semiprivate incorporates the idea that the organizations subject to this book were "private" organizations in some sense. The semiprivate plants were initiated by private individuals: the establishment of these organizations was the result of autonomous, decentralized, expressly private decisions of individuals, many of whom were denied access to decent jobs in the public sector. The decisions to establish semiprivate plants on the part of these individuals were based on their individual utility functions, rather than Page 18 on some kind of social welfare function.
His commitment to free inquiry and his concern for the interests, rights, and aspirations of individuals and disadvantaged groups in all walks of Hungarian society had a liberating intellectual and moral effect on a generation of social scientists, myself included. I am also thankful to him for help in developing my field techniques. Agnes Rupp participated in all phases of my research venture on both sides of the Atlantic. Her microeconomic instincts were im- Page xvi mensely beneficial in discovering and understanding the incentive structures tying the semiprivate plants to their parent cooperatives.
But the most efficient forms of organization might not be the most viable when political factors limit the forms of organization that can be chosen. The institutional structure of planned economies generates an enormous bias in favor of large bureaucratic economic organizations. The transaction costs associated with this form of economic organization are very high in certain areas of economic activity. The semiprivate enterprises represent an example of economic organization with transactional properties in sharp contrast to the typical form of organization in the bureaucratic sector.