Hardback
September 1, 2020
9789633863732
English
250
20 charts and tables
9.20 Inches (US)
6.60 Inches (US)
1.06 Pounds (US)
$75.00 USD, £60.00 GBP
v2.1 Reference

Systems, Institutions, and Values in East and West

Engaging with János Kornai's Scholarship

In this volume, leading social scientists, empirical analysts, and policy practitioners demonstrate the various ways in which the insights of János Kornai, a renowned early analyst and critic of the command economies of Eastern European communist states, are stirring academic and policy discussions about current challenges. While dissecting the economic theories and practices in the Soviet Bloc, Kornai devised and applied concepts such as soft-budget constraints, rush versus harmonic growth, surplus versus shortage economy, non-Walrasian equilibrium, bureaucratic coordination, and the invisible power of the communist party. These concepts are commonly applied to a variety of issues in the contexts of fundamental transformation. The cases discussed in this volume include the transitional paths of postcommunist economies, the pitfalls of East European market-building, economic repercussions of the dissolution of Yugoslavia, and the process of integration in the Eurozone.
The volume concludes with János Kornai's remarks about the value of democracy and other research topics, delivered at the conference celebrating his 90th birthday in February, 2018.

About the Authors

Dóra Piroska is currently an Associate Professor at the Economic Policy Department at the Corvinus University of Budapest.
Miklós Rosta has been working at Corvinus University for 10 years and is now an Associate Professor of Economics and Head of Department at the Department of Comparative Economics of the Corvinus University of Budapest.
Central European University Press

9789633863732 : systems-institutions-and-values-in-east-and-west-piroska-rosta
Hardback
250 Pages
$75.00 USD

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