Business in Socialist Hungary

Philip Scranton, University Board of Governors Professor Emeritus of the history of industry and technology at Rutgers University-Camden, talks about his book, Business Practice In Socialist Hungary, Volume 1: Creating The Theft Economy, 1945-1957, with Peoples & Things host Lee Vinsel. Scranton’s book examines how leaders in socialist Hungary planned and developed business enterprises in the shattered post-World War II economy and how workers, farmers, and citizens both supported and resisted these aims. Scranton and Vinsel also talk about what this project means for business history, which has tended to focus far too often on Western, rich, capitalist nations.

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