ABSTRACT

It is clear that our lack of preparedness will be a most serious obstacle on the way to a market economy. After all, we will have to make the transition from managing an economy with low labor productivity, low wages, abnormal prices, and universally scarce goods (and accordingly a complete lack of producer and consumer freedom), on the one hand, to a totally different system of management, on the other. It involves free choice of one's business and active fostering of entrepreneurship, especially small-scale entrepreneurship. It involves a high level of labor effort and, consequently, substantially rising wages and new market prices. A change of this sort is something that most of our managers, including those of the highest rank, are not ready for. What, then, can we require of workers, peasants, and employees?