Overcentralization in Economic Administration : A Critical Analysis Based on Experience in Hungarian Light Industry
by
Janos Kornai
Book Details
Format
Paperback / Softback
ISBN-10
0192894420
ISBN-13
9780192894427
Publisher
Oxford University Press
Imprint
Oxford University Press
Country of Manufacture
GB
Country of Publication
GB
Publication Date
Jun 29th, 2023
Print length
272 Pages
Weight
430 grams
Dimensions
15.60 x 23.60 x 1.80 cms
Product Classification:
MacroeconomicsPolitical economyEconomic systems & structures
Ksh 6,250.00
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Originally published in 1959, this monograph by an Eastern European economist boldly and openly criticized socialist central planning.
Overcentralization in Economic Administration (Oxford, 1959) was the first book written by an Eastern European and published in the West that openly criticized socialist central planning. In this work the distinguished economist János Kornai begins a lifelong study of the economic organization of centrally planned economies. Professor Kornai''s aim in this book was to observe the reality of the working socialist system, and to draw conclusions that were not distorted by the laws of Marxist political economy. He provided a lucid and coherent account of conditions, along with normative recommendations which influenced the Hungarian reform process, culminating in the economic changes of 1968. Professor Kornai identified several systematic failures of the centrally planned economy and gave a prescient account of weak economic performance and eventual disintegration. His argument for radical rather than partial change makes this book essential reading for those interested in the economics of transition in Eastern Europe.
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