Evolution of the Hungarian Economy, 1848–1998 – One–and–a–Half Centuries of Semi–Successful Modernization, 1848–1989 vol.2

Kornai presents an assessment of Hungary's transition from a socialist to a market economy. In a comprehensive critique of socialist economy reform, Kornai explains how the system's ideological and political attributes deny the idea of "market socialism". Kornai provides examples of Hungary's economoc stabilization and conditions for its sustainable growth.