The Transition According to Cambridge, Mass.
评述了NBER关于东欧转型的论文集，指出其高质量论文虽涵盖私有化、稳定化等主题，但强结论缺乏有力证据，并揭示改革预期常因理论缺乏历史视角而落空。
This paper reviews the NBER's "The Transition in Eastern Europe." This book's 18 essays examine privatization, stabilization, fiscal policies, the nascent private sector, bankruptcy, foreign trade, and investment, etc. Individual country performance occupies six studies. These essays, which are of high quality, provide a cross-section of the literature on transition. However, the book's stronger conclusions are not supported by strong evidence. Two conclusions, unemphasized by contributors, emerge. Expectations, which reflect the theories used to design standard reforms, are often unfulfilled during reforms. A plausible explanation for the misplaced expectations is the ahistorical approach of those theories.