ABSTRACT
The changes in Eastern Europe are providing scholars a unique opportunity to test their most basic theories. The rapidly changing political and economic environments allow for the study of an economy's evolution from centrally planned to market economy. For example, in Hungary, a country moving quickly through this transition, discussion and debate of economic theory has moved from the halls of the Karl Marx University of Economics to the pages of the popular press. The legislature has moved rapidly, in the best traditions of a democracy, to debate openly and to vote and pass laws and regulations designed to move its country from a centrally planned economy to a market economy.
