of optimal policy intervention under domestic distortions. Four important essays on growth and development round out the … theory. Reprinted here are his well-known papers on immiserizing growth, including a recent generalization, and on the theory …

János Kornai, a distinguished Hungarian economist, began his adult life as an ardent believer in socialism and then … ideological preparation for the 1956 Hungarian Revolution, and became an influential theorist of the post-Soviet economic …

The transition from socialism to capitalism in former socialist economies is one of the main economic events of the … economics, the discussions are relevant to topics in political economics, development, public economics, corporate finance, and …

In the nineteenth century, skeptics wondered whether socialism could succeed at all. After the Bolshevik Revolution … launched a first great experiment in building socialism, it was conceded that a socialist economy could indeed allocate the … nation's resources with reasonable effectiveness and could promote a high rate of growth. But in the 1970s, technological …

one of the world's leading experts on the economics of socialism and transition. An early advocate of reform in Hungary …

Janos Kornai, a distinguished Hungarian economist, began his adult life as an ardent believer in socialism and then … ideological preparation for the 1956 Hungarian Revolution, and became an influential theorist of the post-Soviet economic …

The rapid collapse of socialism has raised new economic policy questions and revived old theoretical issues. In this … socialism could work. Stiglitz proposes an alternative model, based on the economics of information, that provides greater …. Stiglitz sees the critical failing in the standard neoclassical model underlying market socialism to be its assumptions …

steadier long-term growth. The author, Harvard- and MIT-trained economist Ngozi Okonjo-Iweala, currently Nigeria’s Coordinating …, saving for the future, or building credibility with debtors and investors. This story of development economics in action …