Kornai János: Hardening the Budget Constraint: The Experience of Post-Socialist Economies, in Institution Building in the New Democracies. Studies in Post-Communism. Ed. Hans-Georg Heinrich. Workshop Series No. 7. Budapest: Collegium Budapest, Institute for Advanced Study, 1999.
János Komái Harvard University and Collegium Budapest Hardening the Budget Constraint: The Experience of Post-Socialist Economies May 1999 Invited lecture to be presented at the Annual Meeting of the International Economic Association Buenos Aires. August 23-27, 1999. First draft. Do not quote without the author's pennission. Comments welcome Author's address: Collegium Budapest Szentháromság utca 2. 1014 Budapest, Hungary Fax: 361 457 7628 E-mail: janos.komai@colbud.hu