A new ten-volume edition of Equilibrum major works began to appear in Hungarian from a Bratislava publisher in Presidents of the Econometric Society. Presidents of the International Economic Association. Bain Shimshon Bichler Robert A. Presidents of the European Economic Association. John von Neumann Award recipients. Wikiquote has quotations related to: He has authored many economics-related books and papers.
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He gained his knowledge in economics on his own, and holds a candidate degree in the field from the Hungarian Academy of Sciences. He became a corresponding member , then a member of the Hungarian Academy of Sciences. Freed Professor of Economics in He retired from Harvard in He has authored many economics-related books and papers. Work[ edit ] In the late s, he was among those who initiated the use of mathematical methods in economic planning.
His book Anti-Equilibrium criticizes neoclassical economics , particularly general equilibrium theory. His book Economics of Shortage is perhaps his most influential work.
In his book The Socialist System, The Political Economy of Communism, he argued that the command economy based on unchallenged control by a Marxist—Leninist communist party leads to a predominance of bureaucratic administration of state firms , through centralized planning and management, and the use of administrative pricing to eliminate the effects of the market.
This brings individual responses to the incentives of the system, culminating in observable and inescapable economic phenomena known as the shortage economy. Kornai remains highly skeptical of efforts to create market socialism. His later works, including The Road to a Free Economy , Highway and Byways , Struggle and Hope and Welfare in Transition , deal with macroeconomic aspects and the interaction between politics and economic policy in the period of economic transition in the post-Soviet states.
Kornai is a member of the Royal Swedish Academy of Sciences.