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Káldor versus Varga – The Hungarian Three-Year Economic Reconstruction Plan of 1947

Author

Listed:
  • André Mommen

    (University of Amsterdam, Netherlands
    Aix-Marseille University, CERGAM, France)

Abstract

After a monetary reform in 1946, the Communists helped by Jenő Varga and the Social Democrats advised by Nicholas Kaldor each drafted an economic reconstruction plan introducing central planning. Having already campaigned for economic planning after the war, Káldor was also in favour of a Keynesian income and fiscal policy. Good trade relations with the Soviet Union were in his eyes a precondition for economic recovery and stability. But the non-participation of Hungary in the Marshall Plan weakened the authority of the Social Democrats vis-à-vis the Communists who were now pressing for a Soviet-type planning system and the dictatorship of the proletariat.

Suggested Citation

  • André Mommen, 2017. "Káldor versus Varga – The Hungarian Three-Year Economic Reconstruction Plan of 1947," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 67(supplemen), pages 157-173, August.
    • Handle: RePEc:aka:aoecon:v:67:y:2017:i:supplement1:p:157-173
    Note: This article was submitted by the author, but he died in 12 May 2017. The final text has been authorised for publishing by his son, Brecht Mommen.
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    More about this item

    Keywords

    economic planning; socialism; communism; Hungary;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • N40 - Economic History - - Government, War, Law, International Relations, and Regulation - - - General, International, or Comparative
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy

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