The initial (monetarist-ish) economic reforms in Poland after the fall of communism - and all the pain that went with them – are usually seen in this country as the responsibility of economist, former finance minister, and former head of the Polish National Bank, Leszek Balcerowicz.
The 'shock therapy' is also known as the Balcerowicz Plan.
Most international commentators and 'liberals' in Poland regard the reforms as a success, though not some in the present government coalition. In fact, many hate Balcerowicz’s guts.
But Poland’s emergence as a market economy is all down to economist superstar Jeffrey Sachs, apparently, who will be talking on the subject of post-communist reform, and other matters, in the prestigious BBC Reith Lectures, which you can hear on April 11.
Sachs told the FT this week:
”The essence of what [Poles] wanted to do [in 1989] was right, it was based on sound fundamentals. What I tried to do was to add the economics to go around it.”
So there you are, Andrzej Lepper et al: leave Balcerowicz alone. He didn’t understand economics in the first place! Jeff did.