Breaking promises. The Hungarian experience

János Kornai

Corvinus Economics Working Papers (CEWP) from Corvinus University of Budapest

Abstract: My main aim is to present the phenomena related to fulfilment and breach of promises and the economic, political and ethical problems arising from these. I discuss questions that we all meet with in daily life and see mentioned in the press, other forums of public discourse, gatherings of friends, or sessions of Parliament. There are some who complain that a building contractor has not done a renovation job properly according to contract. Economists argue over the outcome of late repayments on loans advanced for purchasing real estate. Opposition meetings chide the governing party over unfulfilled campaign promises. I am seeking what is common among these seemingly different cases. Can we see identical or similar behavior patterns and social mechanisms in them? Do they lead to similar decision-making dilemmas and reactions?

Keywords: political promises; economic institutions; behaviour patterns; social mechanisms (search for similar items in EconPapers)
JEL-codes: H11 I31 N14 P10 (search for similar items in EconPapers)
Date: 2016-04-06
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Citations: View citations in EconPapers (1)

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https://unipub.lib.uni-corvinus.hu/1638/ original version (application/pdf)

Related works:
Journal Article: Breaking Promises: Hungarian Experience (2013)
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Persistent link: https://EconPapers.repec.org/RePEc:cvh:coecwp:2016/08

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