Kornai János: “Centralization and the capitalist market economy”, in English, 2012. CESifo Forum, vol. 13/1, 2012, 47-59. Original 5.126 in Hungarian.

CES Ho Forum Volume 13, Number 1 Focus EUROPEAN FISCAL UNION European Fiscal Union: What Is It? Does It Work? And Are There Really ‘No Alternatives’? Clemens Fuest and Andreas Peichl 3 Can the Eurozone Develop into a Well-functioning Fiscal Union? Lars Calmfors 10 A Discussion of the Changes to Europe’s Macro-fiscal Framework in Response to the Crisis Roel Beetsma and Raymond Gradus 17 Coordination of Fiscal Policies: A Necessary Step toward a Fiscal Union Christophe Schalck 24 European Fiscal Union: From Monetary Back Door to Parliamentary Main Entrance Waltraud Schelkle 28 Should Europe Become a Fiscal Union? Christian Keuschnigg 35 Specials Exit from the Monetary Union - A Free Choice by Greece Martin Seidel 44 Centralization and the Capitalist Market Economy in Hungary János Kornai 47 The EU Mechanical Engineering - Success in Global Markets Drives Growth Hans-Günther Vieweg 60 Spotlight Photovoltaics: Boom of the Rising Sun Johann Wackerbauer and Jana Lippelt 70 Trends Statistics Update Spring 2012

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