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

Discover the profound insights of Janos Kornai in Evolution of the Hungarian Economy, 1848–1998 – One–and–a–Half Centuries of Semi–Successful Modernization, 1848–1989 vol.2. Published in 2000, this hardback edition spans 322 pages and provides a meticulous assessment of Hungary's transformative journey from a socialist to a market economy. Kornai offers a comprehensive critique of the socialist economic reforms, revealing how the inherent ideological and political characteristics of the system challenge the viability of "market socialism." This essential read is perfect for those interested in economic history, political economy, and the unique economic conditions of Hungary from the 19th century to the late 20th century. Dive into this analytical exploration to understand the complexities of Hungary's modernization efforts and the implications for future economic policies.