Author:
Peter Mihalyi
peter@mihalyi.com
Peter Mihalyi
Head of the Department of Macroeconomics, Corvinus University of Budapest, Hungary
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Nicholas Kaldor and János Kornai are known in the academic literature as the most principled and unyielding opponents of the neoclassical, mainstream economics in general, and the Arrow-Debreu General Equilibrium Theory (GET) in particular since the beginning of the 1970s. Nevertheless, they remained in the minority camp with their views until today. The mainstream of the economic profession still holds that only the neoclassical paradigm offers a comprehensive, systematic, consistent and, above all, mathematical (hence “scientific”) description of how modern economies operate. This paper aims at investigating why these two prolific writers, who were friends and spoke the same mother tongue, did not find a common ground and did not even try to build a school of followers jointly.
Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: judit.kalman@uni-corvinus.hu
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| 2023 | |
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| Web of Science | |
| Journal Impact Factor | 0.7 |
| Rank by Impact Factor | Q3 (Economics) |
| Journal Citation Indicator | 0.23 |
| Scopus | |
| CiteScore | 1.4 |
| CiteScore rank | Q3 (Economics and Econometrics) |
| SNIP | 0.385 |
| Scimago | |
| SJR index | 0.218 |
| SJR Q rank | Q4 |
| Acta Oeconomica | |
|---|---|
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| Acta Oeconomica | |
|---|---|
| Language | English |
| Size | B5 |
| Year of Foundation |
1966 |
| Volumes per Year |
1 |
| Issues per Year |
4 |
| Founder | Magyar Tudományos Akadémia |
| Founder's Address |
H-1051 Budapest, Hungary, Széchenyi István tér 9. |
| Publisher | Akadémiai Kiadó |
| Publisher's Address |
H-1117 Budapest, Hungary 1516 Budapest, PO Box 245. |
| Responsible Publisher |
Chief Executive Officer, Akadémiai Kiadó |
| ISSN | 0001-6373 (Print) |
| ISSN | 1588-2659 (Online) |
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The system paradigm revisited
Clarification and additions in the light of experiences in the post-socialist region
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