BOZIDAR CEROVIC Professor of Economics and Dean, Belgrade University, Yugoslavia ANDRZEJ DUDZINSKI Assistant Professor of Economics, Université Toulouse I, France GÉRARD DUCHENE Professor of Economics, University Paris 12, France JÁNOS KORNAI Allie S. Freed Professor of Economics, Emeritus, Harvard University, USA and Permanent Fellow, Emeritus of Collegium Budapest Institute for Advanced Study, Hungary MARTIN MACHACEK Senior Lecturer in Macroeconomics, Technical University of Ostrava, Czech Republic MARKO MALOVIC Faculty of Economics, University of Belgrade, Yugoslavia JEAN-FRANCOIS NIVET Faculty of Economics, University of Tours, France JAMES PEMBERTON Professor of Economics and Head of School of Business, University of Reading, UK PHILIPPE RUSIN Lecturer, University of Paris I Pantheon-Sorbonne, France KRYSTYNA SZYMKIEWICZ Researcher, Centre Nationale de la Recherche Scientifique, France MARIA VAGLIASINDI Principal Economist, European Bank for Reconstruction and Development PIETRO A.VAGLIASINDI Professor of Public and Industrial Economics, University of Parma, Italy ALENA ZEMPLINEROVA Senior Researcher, Centre for Economic Research and Graduate Education, Charles Univesrity, Prague, Czech Republic.