The Austro-Hungarian Convergence Through the Writings of J. Kornai

Mehrdad Vahabi

Chapter Chapter 9 in The Legacy of Janos Kornai, 2025, pp 117-143 from Palgrave Macmillan

Abstract: Abstract This paper endeavours to capture certain aspects of the ‘Austro-Hungarian convergence’. It focuses on the genesis and evolution of Janos Kornai’s economic thought and its rapprochement to the Austrian economists (particularly von Mises and Hayek) with regard to the relationships between property and coordination mechanism. Ruminating on Kornai’s writings through a periodisation of the reformist economic thought in the Eastern countries, the author also draws upon P. Sutela’s classification of economic reforms in order to substantiate the relation of economic thought and economic reforms.

Keywords: Austrian economics; Calculation debate; Catallaxy; Coordination mechanisms; Market-plan discourse; Market socialism; Property rights (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pshchp:978-3-031-83239-0_9

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DOI: 10.1007/978-3-031-83239-0_9

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