Overcentralization in Economic Administration

A Critical Analysis Based on Experience in Hungarian Light Industry

AvJános Kornai

Häftad, Engelska, 2023

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Beskrivning

Overcentralization in Economic Administration (Oxford, 1959) was the first book written by an Eastern European and published in the West that openly criticized socialist central planning. In this work the distinguished economist János Kornai begins a lifelong study of the economic organization of centrally planned economies. Professor Kornai's aim in this book was to observe the reality of the working socialist system, and to draw conclusions that were not distorted by the laws of Marxist political economy. He provided a lucid and coherent account of conditions, along with normative recommendations which influenced the Hungarian reform process, culminating in the economic changes of 1968. Professor Kornai identified several systematic failures of the centrally planned economy and gave a prescient account of weak economic performance and eventual disintegration. His argument for radical rather than partial change makes this book essential reading for those interested in the economics of transition in Eastern Europe.

Produktinformation

Utgivningsdatum:2023-06-29
Mått:156 x 235 x 15 mm
Vikt:388 g
Format:Häftad
Språk:Engelska
Antal sidor:272
Förlag:OUP OXFORD
ISBN:9780192894427
Översättare:John Knapp, John (Lecturer in Economics Lecturer in Economics University of Manchester) Knapp

Utforska kategorier

Ekonomisk politik inom Ekonomi och Ledarskap
Makroekonomi inom Ekonomi och Ledarskap
Ekonomiska system inom Ekonomi och Ledarskap

Mer om författaren

János Kornai was Professor of Economics Emeritus at Harvard University and Corvinus University of Budapest.

Recensioner i media

Review from previous edition Kornai found little evidence of comprehensive planning. Instead, he determined that the planning system consisted of quarterly gross output orders that could readily be manipulated by managers and had to be fulfilled at any price. Kornai's Overcentralization already contained the seeds of Kornai's later key findings of the dysfunctionalities of socialist planning; namely, soft budget constraints and the shortage economy. Kornai's most important finding was largely overlooked throughout the socialist world-that the planned economy could not be reformed by partial measures.

Innehållsförteckning

List of tables I: THE SYSTEM OF INSTRUCTIONS II: INCENTIVES FOR TOP MANAGEMENTS III: SOME USEFUL AND HARMFUL TENDENCIES WHICH RESULT FROM THE JOINT EFFECTS OF PLAN INSTRUCTIONS AND INCENTIVES IV: RELATIONSHIPS BETWEEN ENTERPRISES. THE ROLE OF ENTERPRISES AS BUYERS AND SELLERS V: EXCESSIVE CENTRALIZATION AS A SOCIO POLITICAL PROBLEM VI: ATTEMPTS TO DEVELOP LOCAL INITIATIVE AND AUTONOMY FOR ENTERPRISES Notes on the Book's Previous and Subsequent History