Optimal growth theory is sometices used to motivate green accounting by interpreting the "linearized" Hamiltonian at the present time as a proxy for an inclusive measure of NPP. A linearized Hamiltonian, is, in effect, an affine transformation of the utility function that makes consumption be...

Reform of the welfare sector is on agenda in Hungary, as it is in other post-socialist countries. Debate is taking place on the financing of the pension system, health care and higher education, on transformation of the social insurance system, and on the role of the welfare state.