The Socialist System The Political Economy of Communism János Kornai. Editions. Paperback. ISBN. pp. 6 x 9. János Kornai, until János Kornhauser, (born 21 January ) is a Hungarian economist noted for his analysis and criticism of the command economies of Eastern European communist states. Kornai is highly skeptical of efforts to create market socialism. His later works, including The Road to a Free Economy. This book provides a comprehensive account of the structure, conduct, and performance of the centrally planned economies of Eastern Europe.

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EconPapers: The Socialist System: The Political Economy of Communism

This might be the definitive work on socialist economics. Realizing Utopia Antonio Cassese. Available in Oxford Scholarship Online – view abstracts and keywords at book and chapter level. Economics and finance module.

No eBook available Amazon. My library Help Advanced Book Search. Classical, Early, and Medieval Prose and Writers: Kornai is highly skeptical of efforts to create market socialism. Becker Glenn C. Surely he can’t believe that the Soviet Union was democratic? In the late s, he was among those who initiated the use of mathematical methods in economic planning. Choose your country or region Close. Publications Pages Publications Pages. He gained his knowledge in economics on his own, and holds a candidate degree in the field from the Hungarian Academy of Sciences.

His book Anti-Equilibrium criticizes neoclassical economicsparticularly general equilibrium theory. Bureaucracy, soft budget constraints, markets, and the nature of the socialist state are the central issues that arise in the course of reforming a socialist economy.

Professor Kornai’s systemm work Overcentralization created a stir in the West and conveyed for the first time his disillusionment with communist kornaj planning. Accelerator effect Administered prices Barriers to entry Bounded rationality Conspicuous consumption Conspicuous leisure Conventional wisdom Countervailing power Effective competition Herfindahl index Hiding hand principle Hirschman cycle Instrumentalism Kuznets cycles Market concentration Market power Market structure Penalty of taking the lead Satisficing Shortage economy Structure—conduct—performance paradigm Technostructure Theory of two-level planning Veblen goods Veblenian dichotomy.


Academic Skip to main content. Kornai has been in his career deeply involved in the workings of the system he describes, so is an outstanding expert jsnos it and sheds light on many of its aspects people who have not lived in communist societies cannot easily understand The first half of the book deals with ‘classical socialism’ and provides a theoretical summary of the main features of a now closed period of history.

Ebook This title is available as an ebook. Views Read Edit View history. Classical, Early, and Medieval World History: By using this site, you agree to the Terms of Use and Privacy Policy.

The author focuses on reform, perhaps the most important issue facing countries such He retired from Harvard in It was State capitalism. His later works, including The Road to a Free EconomyHighway and BywaysStruggle and Hope and Welfare sociallst Transitiondeal with macroeconomic socia,ist and the interaction between politics and economic policy in the period of economic transition in the post-Soviet states. The book also provides valuable insights into what new economic forms are likely to replace the erstwhile socialist economies.

University Press Scholarship Online. From onward Kornai received many invitations to visit foreign institutions, but he was denied a passport by the Hungarian authorities and was not allowed to travel untilafter political restrictions had begun to ease.

Wilson Elhanan Helpman Authors Affiliations are at time of print publication. Organizations in Time Marcelo Bucheli, R. Presidents of the International Economic Association. He wrote that he chose to become an economist after reading Marx ‘s Das Kapital.


The momentous changes of the last few years have generated plenty of heat. Bureaucracy, soft budget constraints, markets, and the nature of the socialist state are the central issues that arise in the course of reforming a socialist economy.

User Review – Flag as inappropriate The idea of socialism or communism as suggested by the likes of karl marx does not include capitalist economics: Account Options Sign in. Part Two, chapters 3—15deals with classical socialism, defined as the political structure and economy that developed in the Soviet Union under Stalin and in China under Mao Zedong, and emerged in the smaller countries of Eastern Europe and in several Asi Roth Richard H.

Other editions – View all The Socialist System: Clarendon Press- Communism – pages.

The Socialist System

The Globalization Paradox Dani Rodrik. It is lucid and well-structured, rendering it an ideal textbook for a broad range of students janoz the socialist economic system. Wikiquote has quotations related to: In his book, The Socialist System, The Political Economy of Communismhe argued that the command economy based on unchallenged control janls a Marxist—Leninist communist party leads to a predominance of bureaucratic administration of state firmsthrough centralized planning and management, and the use of administrative pricing to eliminate the effects of the market.

It is the first comprehensive and systematic exposition of the political economy of state socialism. Classical, Early, and Medieval Plays and Playwrights: