Janos Kornai is one of the leading economists of the twentieth century. Unfortunately, his
interdisciplinary, systemic approach and the Austro-Hungarian convergence on the socialist …

Despite its invaluable contribution to the field of comparative economics, the socialist
calculation debate has focused on the narrow topic of the impossibility of the rational …

When and why are illicit markets regarded as morally legitimate? We address this question
in the context of Soviet and post-Soviet Russia, where the moral legitimacy of commerce has …

In this article, we consider the relationship between crime and attitudes toward privatization
in Ukraine. In our theory, crime is a source of vulnerability that undermines citizens' support …

From the fourth quarter of 2007 to the second quarter of 2020, the monetary base in the euro
area grew by 330%, the money supply by 61% and inflation measured by the consumer …

This paper discusses the contributions of János Kornai to the “language reform” of socialism
and post-socialism, meaning the creation of new conceptual frameworks to replace the …

This chapter discusses the flaws in the anti-capitalist perspective and examines its
geopolitical ramifications. It begins by discussing the problems inherent in socialist …

Janos Kornai, emeritus professor of Harvard University and Corvinus University Budapest,
passed away in his sleep at home on Monday evening, October 18, 2021, at the age of 93 …

Most developed countries have well-functioning market economies where property rights
are protected, contracts are enforced, and free competition is encouraged. Some of them …

Janos Kornai, emeritus professor of Harvard University and Corvinus University Budapest,
passed away in his sleep at home on Monday evening, October 18, 2021, at the age of 93 …