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Breaking Promises: Hungarian Experience

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  • J. Kornai

Abstract

The article analyzes the role of promises and obligations in economic life, delineates the major types of obligations and shows the devastating consequences of breaking the promises. Various additional circumstances are also considered that have to be accounted for in the balanced judgment of the situations in which the obligations are not met. The examples of breaking promises, logics of such a breaking and the factors precluding it are discussed in the ethical and political contexts as well.

Suggested Citation

  • J. Kornai, 2013. "Breaking Promises: Hungarian Experience," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    • Handle: RePEc:nos:voprec:y:2013:id:567
    DOI: 10.32609/0042-8736-2013-8-123-142
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    File URL: https://www.vopreco.ru/jour/article/viewFile/567/567
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    Cited by:

    1. Edina Berlinger & Katalin Dobránszky-Bartus & György Molnár, 2021. "Overdue Debts and Financial Exclusion," Risks, MDPI, vol. 9(9), pages 1-20, August.

    More about this item

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • P10 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - General
    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • N14 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: 1913-

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