2 results for "Economics"

The Hungarians: a thousand years of victory in defeat

Lendvai, Paul
This is a comprehensive history of a legendarily proud and passionate but lonely people. Much of Europe once knew them as 'child-devouring cannibals' and 'bloodthirsty Huns', but it was not long before the Hungarians became steadfast defenders of Christendom and fought heroic freedom struggles against the Tartars, the Turks and, among others, the Russians.Paul Lendvai tells how, despite a string of catastrophes and their linguistic and cultural isolation, the Hungarians have survived as a nation-state for more than 1,000 years. He traces Hungarian politics, culture, economics and emotions, from the Magyars' dramatic entry into the Carpathian Basin in 896 to the brink of the post-Cold War era. Lendvai brings to life the short-lived revolutionary triumphs of 1848-9 and 1918-19; the traumatic Treaty of Trianon (1920) which deprived Hungary of Transylvania and other historic Magyar lands; and the successive Nazi and Communist tyrannies. These are among the episodes that have formed the consciousness of the Hungarian people.Through anecdotes of heroes and traitors, victors and victims, geniuses and impostors, Lendvai conveys the multifaceted interplay of progressivism and economic modernisation, versus intolerance and narrow-minded nationalism, on the grand stage of Hungarian history. This work is a blend of narrative, irony and humour; of occasional anger without taboos or prejudices. It also offers an authoritative key to understanding how and why this corner of Europe has produced such a galaxy of great scientists, artists and entrepreneurs.
C. Hurst & Co 2021 549 pages

Overcentralization in economic administration: a critical analysis based on experience in Hungarian light industry

Kornai, János
Overcentralization in Economic Administration (Oxford, 1959) was the first book written by an Eastern European and published in the West that openly criticized socialist central planning. In this work the distinguished economist János Kornai begins a lifelong study of the economic organization of centrally planned economies. Professor Kornai's aim in this book was to observe the reality of the working socialist system, and to draw conclusions that were not distorted by the laws of Marxist political economy. He provided a lucid and coherent account of conditions, along with normative recommendations which influenced the Hungarian reform process, culminating in the economic changes of 1968. Professor Kornai identified several systematic failures of the centrally planned economy and gave a prescient account of weak economic performance and eventual disintegration. His argument for radical rather than partial change makes this book essential reading for those interested in the economics of transition in Eastern Europe.
Oxford University Press 2023 239 pages