This study does not call for any changes of emphasis regarding the political climate in nowadays Hungary. I am still convinced that the main trouble lies in the replacement of democracy by autocracy. What I set out to do here is to augment the conclusions made already, by reviewing the events of...

The Indian growth spurt of the 1980s has led DeLong (<CitationRef CitationID="CR6">2003</CitationRef>), Rodrik & Subramaniam (IMF Staff Papers 52(2):193–228, <CitationRef CitationID="CR38">2005</CitationRef>) and Kohli (Economic and Political Weekly 41(14):1361–1370, <CitationRef CitationID="CR18">2006</CitationRef>) to question the need for market reforms in the 1990s and the supporters of liberalization to argue that it...</citationref></citationref></citationref>

This paper looks at the Austrian School of Economics from the subjectivist perspective. It begins by reviewing the major architects in the Austrian School, Carl Menger, Ludwig von Mises, Friedrich A. Hayek, Murray N. Rothbard, Ludwig M. Lachmann and Isaac M. Kirzner. The paper then elucidates...

According to the consensus view it was physical capital accumulation that primarily drove economic growth during the early socialist period. Growth models incorporating both human and physical capital accumulation (Caballe and Santos 1993, Barro and Sala-i-Martin 2004) lead to the conclusion...