This collection draws together the most significant writings on the economics of transition. Although there are a wide range of examples from different countries and industries, the focus is on analysis of the key issues. These include: * macroeconomics and stabilization * liberalization and the establishment of markets * property rights and the legal framework * reform of banking and finance, agriculture, and the trading system * the functioning of labour markets This collection draws on material from an enormous range of sources. It includes articles by Barry Eichengreen, Oliver Blanchard, Stanley Fischer and Janos Kornai.