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Evolution of the Hungarian Economy, 1848-1998 - One-and-a-Half Centuries of Semi-Successful Modernization, 1848-1989 vol.2 (Hardcover)
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Evolution of the Hungarian Economy, 1848-1998 - One-and-a-Half Centuries of Semi-Successful Modernization, 1848-1989 vol.2 (Hardcover)
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Kornai presents an assessment of Hungary's transition from a
socialist to a market economy. In a comprehensive critique of
socialist economy reform, Kornai explains how the system's
ideological and political attributes deny the idea of "market
socialism." Although this reformist socialism ensured Hungary its
transition to a market economy, macroeconomic disequalibria and
financial crisis posed constant threats. Finally, Kornai provides
examples of Hungary's economic stabilization and conditions for its
sustainable growth into the present era.
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