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Policy dilemmas of Eastern European reforms: notes of an insider

It is becoming more and more clear to all East Europeans, and to Czechs and Slovaks in particular, that the only practical and realistic way to improve their living standards is the total abolition of institutions of central planning, the dismantling of price and wage, exchange rate and foreign trade controls, and the radical transformation of existing property rights. This approach represents the "hard core" of the reform project of Czechoslovak economists and politicians which is currently under discussion and preparation.