This edited collection of articles by distinguished authors provides a comprehensive overview of economic transformation in Eastern Europe. While media coverage has concentrated on day-to-day events, this reader gives insight into the process of economic change, explaining why central planning failed, why the market may offer a way out, what a successful transformation must accomplish, and how a nation should go about it. These articles are essential reading for anyone wishing to understand events in the region, and will remain vital and relevant throughout the nineties.