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Article
Economics
Socialism and Kornai's revolutionary perspective
Mehrdad Vahabi
Summary: The main argument of this paper is that the dysfunction of socialism is inherent and cannot be reformed, as reforms would introduce contradictions and ultimately lead to the collapse of the socialist system. Kornai's revolutionary discourse emphasizes the need to avoid half-measures and cosmetic changes in order to prevent erosion of socialist systems.
PUBLIC CHOICE (2021)
Article
Economics
Kornai's Overcentralization and naive empiricism
Paul R. Gregory
Summary: This paper discusses Janos Kornai's early work on the socialist economy, as well as the parallel research of American scholars in the 1950s. Kornai concluded that the socialist planning system had inherent dysfunctions that could not be reformed by partial measures.
PUBLIC CHOICE (2021)