Janos Kornai, a distinguished Hungarian economist, began his adult life as an ardent believer in socialism and then …

János Kornai, a distinguished Hungarian economist, began his adult life as an ardent believer in socialism and then …

The transition from socialism to capitalism in former socialist economies is one of the main economic events of the …

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 … change emerged as the chief topic of interest in economic circles, and socialism's potential for generating technological …

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

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 …