Systems, Institutions, and Values in East and West: Engaging with János Kornai's Scholarship

Cover -- front matter -- title page -- copyright page -- Table of Contents -- Engaging with János Kornai's Scholarship: Systems, Institutions, and Values -- János Kornai's Theory of Socialism -- Thinking Capitalism with János Kornai -- The Theories of János Kornai and a Less-known Hungarian Economist,Ferenc Jánossy, on Unbalanced Economic Growth -- Mistaking Markets: Seeing Markets Where They Do Not Exist -- The System Paradigm and the European Monetary Union: What János Kornai's Contribution to Comparative Economics Can Suggest to the Eurozone -- Independent Fiscal Institutions: "New Kids on the Block" in Economic Policy -- Modified Management Thinking in Health Care: The Impacts of Centralization and the Soft Budget Constraint -- Resource Reallocation and Ambiguous Economic Performance in a Captured State: The Case of Hungary -- About the Value of Democracy and Other Challenging Research Topics: Closing Remarks at the Conference on February 22, 2018 -- Notes on the Contributors -- Index.

"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"--

"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"--