In recent years, researchers on transition economies have concluded that income inequality increased in the former socialist countries of eastern Europe and central Asia despite the liberalization of political and economic life. This judgment, however, places too much credence in the data reported by socialist planners and underestimates the cumulative effect of the myriad inequalities present under socialism.
|Other Independent Review articles by David R. Henderson|
|Summer 2018||Why We Fight|
|Fall 2016||An Economists Case for a Noninterventionist Foreign Policy|
|Winter 2016||The Economy in 2065|
|[View All (9)]|