WebOct 19, 2024 · His 1980 volume on the “Economics of Shortage” explained why shortages were so endemic in socialist economies, and introduced the concept of a “soft budget … Webmany comparative studies of economic systems.” János Kornai, The Socialist System (1992, p. 33). János Kornai was, of course, trained and wrote as an economist. But throughout his career, he chafed against orthodoxy and in part because of its inattention to institutional and political factors. Sometimes, this focus was more implicit, as in

Kornai

WebThe economics of institutions and comparative systems owes an enormous debt to János Kornai. This was well exempli fi ed by Kornai (2014a), offering a synthetic characterization of socialism and capitalism, respectively, as shortage and surplus economies. WebThe conclusion is that Kornai's most important contribution to the principles of economics was already presented in his 1971 book, entitled Anti-equilibrium, and without this book his most ... showmanship outfits

Economics of shortage (1980 edition) Open Library

WebTHE ECONOMIC AND SOCIAL RESEARCH INSTITUTE THE DILEMMAS OF A SOCIALIST ECONOMY: THE HUNGARIAN EXPERIENCE JANOS KORNAI Twelfth Gear), Lecture, 1979 Copies of this paper may be obtained from The Economic and Social Research Institute (Limited Comlmny jVo. 182-69). Registered OffiCe: tl Burh’ngton … WebBy Force of Thought (Kornai 2005, 2007). Here I will confine myself to the most important differences. As I was writing Economics of Shortage, the communist party still held a … WebS. Gomulka, ‘Kornai's Soft Budget Constraint and the Shortage Phenomenon: A Criticism and Restatement’, Economics of Planning, 19, no. 1 (1985), pp. 1–11. Google Scholar . Economics of Shortage (Amsterdam, 1980). ‘Adjustment to price and quantity signals in a socialist economy’, Économie Appliquée, 35, no 3 (1982), pp. 503–524; ‘Paternalism, … showmanship pant suit