Working Paper Series
JŠnos Kornaiís Contributions to Economic Analysis
Abstract: The publication of JŠnos Kornaiís memoirs, By Force of
Thought, provides an excellent opportunity to remind ourselves of Kornaiís
great contributions to economic research. This paper discusses both his
basic research strategy and some of his main research results. Kornai has
usually dealt with great, system-oriented issues, and he has been more
inspired by real-world observations than by scholarly work by others. The
paper also emphasizes that Kornaiís two most celebrated characterizations
of real world socialist economies Ė "shortage economies" and production
units with "soft budget constraints" Ė are analytically closely connected.
Kornai also, in his more recent works, regards the centralized political
system during communism as the basic explanation for the centralized nature
of the economic system in these countries.
Keywords: Socialism; Soft Budget Constraints; Shortage Economy; Economic Centralization; (follow links to similar papers)
JEL-Codes: B24; B31; L10; P20; (follow links to similar papers)
9 pages, December 3, 2007
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Elisabeth Gustafsson ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom