This essay is a tribute to Jaroslav Vanek who spent thirty-two years at Cornell University where he founded the Program on Participation and Labor-Managed Systems in 1970, which became the home for economic research on these issues in the United States. As such, it is a brief intellectual...

Over the last decade, Hungary has experienced more foreign bank entry than any country in world, starting with foreign greenfield operations and then followed by the privatization of four of its largest banks to strategic foreign owners. Currently about two thirds of all banking assets in...