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Economic Change In Eastern Europe Since 1918

Derek H. Aldcroft, Fellow, University of Leicester, UK, and Steven Morewood, Lecturer in Social and Economic History, University of Manchester, UK
1995 296 pp Hardback 978 1 85278 819 3 £68.00 on-line discount £61.20
    The Hardback is currently out of print
1996 296 pp Paperback 978 1 85278 823 0 £19.00 on-line discount £15.20

‘. . . it tells an interesting tale, and does so particularly well. . . . Aldcroft and Morewood have presented the historical case for more compassion and cooperation, and have done so lucidly and succinctly. This is a book no-one interested in Eastern Europe can ignore.’
– Francesco L. Galassi, Economics of Planning

‘This is a very competent overview of the period, with particular insights into the postwar era.’
– The Financial Times

‘The authors draw on an already rich literature to provide a definitive guide to why the region’s economy lags behind the West.’
– Michael Kaser, The Economic Journal

Change in Eastern Europe has too often been seen in narrowly political terms by historians and commentators. Underlying the often dramatic political events of the post-1918 period have been economic and social elements which have both massively influenced and severely constrained the political options of policy makers.

Economic Change in Eastern Europe since 1918 presents a concise, authoritative account of the economic history of Yugoslavia, Romania, Bulgaria, Hungary, Poland and Czechoslovakia in the twentieth century. Drawing upon a deep knowledge of the primary literature and the latest research, the authors explain why Eastern Europe was already underdeveloped by 1914 before assessing the impact of two world wars, economic recession and socialist economic planning. The final chapter examines the aftermath of the 1989 revolutions and discusses some scenarios for the future of the region.

Contents: Introduction 1. The Legacy of War and the Peace Settlements 2. Inflation, Reconstruction and Stabilisation 3. Indebtedness and Instability in the Later 1920s 4. Policies to Combat Depression 5. War and the Emergence of New Regimes 6. A New Start Under Socialism in the 1950s and 1960s 7. Eastern Europe within the Soviet Orbit 8. Economic Slowdown and Renewed Pressure for Reform 9. The Road to Revolution 10. An Uncertain Fate Index





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