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Searching for the Socioeconomic Logic of Transformation in East-Central Europe

In the late 1980s, the capitalist experiment erupted in the newly democratic countries of Central Europe and the former Soviet Union. Considering the relevance of this experiment, it has soon become a privileged subject of research. Among others, the formation of new social classes, which have replaced the nomenklatura, and the conduct of economic policy are favored topics. Eyal, Szelényi, and Townsley (2000) (henceforth EST) and ZlochChristy (2000) (henceforth ZC) have analyzed the spheres in which transformation exerted the most striking effects: the social aspect of transformation and the ideological monetary approach to reforms. Not damaging the specific conclusions raised by these scholars, a critical evaluation of the books from a broader perspective than they employ seems in order.