The study analyses the Hungarian reform process, its elements, stages and dimensions from a new angle. He puts its concrete facts, changes on the scale of the developments of the power relations of the world; he discusses the role played by the struggle, decisions and mistakes of the domestic power groups; he points out that those leading the Hungarian reforms were more ready for the change of system than for the de-mocratisation of the system. He underlines the outstanding function of the reform of ownership in the change of system while stressing that under the realistic conditions of the present time, the reform of the ownership relations in itself cannot lead out from the economic crisis… He also emphasises that the same factors hinder development today which made the previous system collapse. He discusses the chances of the various privatisation possibilities and warns against the illusions which induce expectations that copying the modern market economy would lead to the solution of Hungary's problems. At the same time, he argues that the development of the producing sector and the change of the production structure are fundamentally important.