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János Kornai, and Neoclassical versus Institutional Economics

Author

Listed:
  • József Móczár

    (Corvinus University of Budapest, Department of Mathematical Economics and Analysis)

Abstract

János Kornai rejected the relevance of Walrasian equilibrium and considered only disequilibrium states to be compatible with reality in his Anti-Equilibrium. His research was guided by the belief that reality and theory should form an integral unit. Neoclassical economists did not accept his anti-equilibrium theory, which motivated Kornai to relentlessly provide additional evidences. The article follows this exciting and noble struggle from a new perspective in the context of scientific theory.

Suggested Citation

  • József Móczár, 2018. "János Kornai, and Neoclassical versus Institutional Economics," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 68(supplemen), pages 73-83, January.
    • Handle: RePEc:aka:aoecon:v:68:y:2018:i:supplement1:p:73-83
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    More about this item

    Keywords

    general equilibrium; disequilibrium; anti-equilibrium theory; neoclassical and institutional economics; Newtonian dynamics; system paradigm;
    All these keywords.

    JEL classification:

    • B1 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925
    • C - Mathematical and Quantitative Methods
    • D5 - Microeconomics - - General Equilibrium and Disequilibrium
    • E13 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Neoclassical
    • E14 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Austrian; Evolutionary; Institutional

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