Professional and ethical dilemmas of economists (In memoriam János Kornai, 1928–2021)

Peter Mihalyi

Acta Oeconomica, 2021, vol. 71, issue 4, 507-518

Abstract: János Kornai, the most distinguished Hungarian economist passed away on 18 October 2021. This short essay, written by a long-time disciple of Kornai tries to prioritize his scientific achievements spreading over six decades. The conclusion is that Kornai's most important contribution to the principles of economics was already presented in his 1971 book, entitled Anti-equilibrium, and without this book his most respected later works and his other original concepts, like the soft budget constraint or the shortage economy, cannot be understood.

Keywords: general equilibrium theory; shortage economy; socialism; China (search for similar items in EconPapers)
JEL-codes: A13 B24 B41 D50 (search for similar items in EconPapers)
Date: 2021
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