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

Author

Listed:
  • Péter Mihályi

    (Department of Economics, Corvinus University of Budapest, Budapest, Fővám tér 8, H-1093, Hungary)

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.

Suggested Citation

  • Péter Mihályi, 2021. "Professional and ethical dilemmas of economists (In memoriam János Kornai, 1928–2021)," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 71(4), pages 507-518, December.
    • Handle: RePEc:aka:aoecon:v:71:y:2021:i:4:p:507-518
    DOI: 10.1556/032.2021.00037
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    More about this item

    Keywords

    general equilibrium theory; shortage economy; socialism; China;
    All these keywords.

    JEL classification:

    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • B24 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Socialist; Marxist; Scraffian
    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • D50 - Microeconomics - - General Equilibrium and Disequilibrium - - - General

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