The Price Reform After the War in West Germany

In 18 19 86, china came very close to implementing such a big bang. In eastern europe itself, or in hungary and yukoslavia, the idea of doing a rapid price liberalization is not helpful. What it would amount to is an increase in prices of the most upstream production goods which under the soviet system traditionally had been priced below cost. So if you were to let those prices free, these prices would be shooting up.