Kornai János: Vision and Reality, Market and State. Contradictions and Dilemmas Revisited (Budapest, 1990) / angol nyelven

Vision and Reality, Market and State Contradictions and Dilemmas Revisited_________ János Komái 'János Kornai's contribution to our understanding of the socialist economy can scarcely be overestimated. With the development of such concepts as shortage, paternalism, soft budget constraints, and the like, he has given us a comprehensive model to explain the economics of state socialism. With little exaggeration, we can say that a truly comparative analysis of the institutions of capitalism and socialism would not be possible in the absence of his pathbreaking work.' — David Stark, University of Wisconsin Vision and Reality, Market and State presents a collection of seminal essays on developments and reform in the Eastern European economies. Written in non-technical language, they bring the reader Kornai's recent ideas on bureaucracy, soft and hard budget constraints, decentralisation, the abolition of the command system, and inflation - all issues that arise in the course of reforming a socialist economy. Concentrating on reforms in Hungary and China, the essays embrace issues of relevance to the study of other socialist countries as well. The text will be valuable to any educated reader, including not only economists but political scientists, sociologists, philosophers, journalists, people involved in politics and government, and anyone interested in the affairs of the socialist world.

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