Planning, Shortage, and
Transformation
Essays in Honor of Janos
Kornai
The three major themes of
Janos Kornai's work reflected in the title of this book planning, shortage, and
transition, or transformation figure prominently in the essays. After a philosophical
introduction by Edmond Malinvaud, the book is divided into three sections: Markets and
Organizations, Theory of Transition, and The Transitional Experience.
Janos Kornai is one of the
world's leading experts on the economics of socialism and transition. An early advocate of
reform in Hungary, he has written penetrating analyses of centrally planned economies and
their transformation to market-oriented systems. This volume is being published in
celebration of Kornai's seventieth birthday.
A Short Biography of Janos
Kornai
CONTENTS
Introduction: Some Notes on
Assessments about Economic Systems
Edmond Malinvaud
I MARKETS AND ORGANIZATIONS
1 Monopoly under Labor
Management
Abram Bergson
2 Walras-Keynes Equilibria
Coordination and Macroeconomics
Jacques H. Dreze
3 Viable Domains in the
Control Space
Bela Martos
4 Coordinating Activities
under Alternative Organizational Forms
Yingyi Qian, Gerard Roland,
and Chenggang Xu
5 Democracy, Egalitarian
Redistributions, and the Level of Public Bads
John E. Roemer
6 Parable and Realism in
Overlapping Cohorts Models
Andras Simonovits
7 Internal Efficiency and
External Conditions
Jorgen W. Weibull
8 On Buyers' and Sellers'
Markets under Capitalism and Socialism
Martin Weitzman
THEORY OF TRANSITION
9 Soft Budget Constraints and
Transition
Mathias Dewatripont, Eric
Maskin, and Gerard Roland
10 Restructuring an Industry
during Transition: A Two-Period Model
Richard E. Ericson
11 Shortage and the Soft
Budget Constraint: New Interpretations
Paul Hare
12 The Kornai Effect
Revisited
Richard E. Quandt
ffl THE TRANSNATIONAL
EXPERIENCE
13 Determinants of
Productivity in Central Europe during Economic Transition
Sharad Bhandari and David M.
Kemme
14 The Evolutionary Path away
from Socialism: The Chinese Experience
Bernard Chavance
15 Perestroika Economics from
the Inside
Michael Ellman
16 The Internal versus
Occupational Labor Market-A Neglected Dimension of Hungary's Postsocialist
Transformation
Istvan R. Gabor
17 Transformation before the
Transition: Employment and Wage Setting in Hungarian Firms, 1986-1989
Janos KOllo
18 How Does the Transitional
State Behave? Evidence from Retained State Ownership in Mongolian Privatization
Georges Korsun and Peter
Murrell
19 Do Power Consumption Data
TeU the Story? Electricity Intensity and Hidden Economy in Postsocialist Countries
Maria Lacko
20 Transition to the Market
in Asia: The Case of Vietnam
Marie Lavigne
21 The Debate on
Understanding China's Economic Performance
Jeffrey D. Sachs and Wing
Thye Woo
22 Stability and Growth:
Commentary on a Commentary
Robert Solow
23 The Surprising Success of
Gradual Price Liberalization in Hungary
Wim Swaan
The Publications of Janos
Kornai
438 pages