ABSTRACT
Dealing with an economy in transformation was a culture shock for Western economists trained to think in terms of money as the measuring rod of individual wellbeing and official statistics as an accurate reflection of what was happening to individuals in society. It was less of a shock to those who had been socialized in a command economy in which connections could get things that money couldn’t buy and wellbeing could be measured in terms of freedom from the intrusive demands of a party-state.
