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Sunday, January 9, 2011

János Kornai on Hungary

More or less coinciding with the new year as well as Hungary assuming the rotating presidency of the European Union, institutional economist János Kornai published a wide-sweeping critique of the current right-wing Hungarian government in the daily Népszabadság. Today, a somewhat terse English translation of the piece has been published.

Much can, and I'm sure will, be said about the situation in Hungary and Kornai's current position. For now, one quick observation. A striking aspect of Kornai's piece is that it is free of any reference to the world economy or geopolitics. Even the section on 'growth' and 'development' is entirely internally focussed. Interesting, with respect to a place, like Hungary, an extremely open, and globally speaking quite tiny, economy.

More later, perhaps.

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cover page of the book

cover page of the book
image used for the cover design by Anannya Dasgupta