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- Evolution of the Hungarian Economy, 1848–1998 – One–and–a–Half Centuries of Semi–Successful Modernization, 1848–1989 vol.2
Evolution of the Hungarian Economy, 1848–1998 – One–and–a–Half Centuries of Semi–Successful Modernization, 1848–1989 vol.2
Angebote / Angebote:
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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