Author:
Wladimir Andreff
andreff@club-internet.fr
https://orcid.org/0000-0001-6098-3078
Wladimir Andreff
Honorary Professor, University Paris 1 Panthéon-Sorbonne, France
President of the Scientific Council at the Observatory of the Sports Economy, French Ministry for Sports, France
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President of the Scientific Council at the Observatory of the Sports Economy, French Ministry for Sports, France
Search for other papers by Wladimir Andreff in
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Abstract
János Kornai has achieved a wide-scope multifaceted theoretical analysis moving from Marx to Walras-Lange, then to post-Keynesian disequilibrium economics, and eventually, to Hayek and economic institutionalism. Such a travel is not without meeting dilemmas that Kornai has had to struggle with and opt to resolve them in some way. Such process is illustrated first with a planner's dilemma. On the one hand, Kornai has elaborated on – together with Tamás Lipták – a mathematically ‘super’ solution to finding the optimal plan through a two-level planning procedure. But once implemented the latter has appeared to be too slow, and Kornai has rejected Lange's ideas for Hayek's criticism against central planning. A second dilemma is about how to analyse a centrally-planned shortage (excess demand) economy in which those industries privileged in the planners' pecking order priorities were producing an excess supply of (useless) goods. Kornai did not find a solution in the current disequilibrium economics but, instead, in a ‘lax’ communist bureaucracy generating a soft budget constraint. The third dilemma is that Kornai's views about disequilibria have not converged with the Post-Keynesian disequilibrium models. The latter were unable to conceive a simultaneous excess demand and excess supply in a same market, due to their so-called shorter-side rule. Instead, Kornai has found a solution that fits with theorising the observed micro (or even infra-micro) disequilibria in a Debreu's book, some years after having published a hard criticism of neo-classical microeconomics. A final question is raised: is Kornai's theory a decisive contribution to the analysis of comparative economic systems – that no one denies – or has he added some value to a more general theory of economic disequilibrium?
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Andreff, W. (2014): Le réalisme économique de Janos Kornaï: évolutif et éclectique (The Eeconomic Realism of János Kornaï: Evolutionary and Eclectic). Economies et Sociétés, 48(6): 1039–1062.
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Andreff, W. (2021): Janos Kornai: A Non-Mainstream Pathway from Economic Planning to Disequilibrium Economics. Public Choice, 187(1–2): 63–83.
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Kornai, J. (1969): Multi-Level Programming: A First Report on the Model and the Experimental Computations. European Economic Review, 1(1): 134–191.
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Kornai, J. (1980): Economics of Shortage .Amsterdam: North-Holland Publishing.
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Kornai, J. (1990): The Road to a Free Economy. Shifting from a Socialist System. The Example of Hungary. New York: Norton & Co.
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Kornai, J. (1992): The Socialist System. The Political Economy of Communism. Oxford: Clarendon Press.
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Kornai, J. (2005): A gondolat erejével. Rendhagyó öneletrajz (By Force of Thought: Irregular Memoirs of an Intellectual Journey). Budapest: Osiris.
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Kornai, J. (2014): Dynamism, Rivalry and the Surplus Economy. Two Essays on the Nature of Capitalism. Oxford: Oxford University Press.
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Kornai, J. – Liptak, T. (1965): Two-Level Planning. Econometrica, 33(1): 141–169.
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Kornai, J. – Maskin, E. S. – Roland, G. (2003): Understanding the Soft Budget Constraint, Journal of Economic Literature, 41(4): 1095–1136.
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Roland, G. (2008): A Review of János Kornai’s “By Force of Thought: Irregular Memoirs of an Intellectual Journey”. Journal of Economic Literature, 46(1): 145–150.
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Corvinus University of Budapest
Department of Economics
Fővám tér 8 Budapest, H-1093, Hungary
E-mail: vanyai.judit@krtk.hu
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- Social Science Citation Index
| 2022 | |
|---|---|
| Web of Science | |
| Total Cites WoS |
314 |
| Journal Impact Factor | 0.8 |
| Rank by Impact Factor |
Economics 334/380 |
| Impact Factor without Journal Self Cites |
0.6 |
| 5 Year Impact Factor |
0.8 |
| Journal Citation Indicator | 0.29 |
| Rank by Journal Citation Indicator |
Economics 421/581
|
| Scimago | |
| Scimago H-index |
18 |
| Scimago Journal Rank |
0.23 |
| Scimago Quartile Score |
Economics and Econometrics Q3 |
| Scopus | |
| Scopus Cite Score |
1.1 |
| Scopus CIte Score Rank |
Economics and Econometrics 521/705 (26th PCTL) TBA |
| Scopus SNIP |
0.540 |
| 2021 | |
|---|---|
| Web of Science | |
| Total Cites WoS |
285 |
| Journal Impact Factor | 0,939 |
| Rank by Impact Factor | Economics 326/379 |
| Impact Factor without Journal Self Cites |
0,646 |
| 5 Year Impact Factor |
0,740 |
| Journal Citation Indicator | 0,34 |
| Rank by Journal Citation Indicator | Economics 389/570 |
| Scimago | |
| Scimago H-index |
15 |
| Scimago Journal Rank |
0,285 |
| Scimago Quartile Score | Economics and Econometrics (Q3) |
| Scopus | |
| Scopus Cite Score |
1,4 |
| Scopus CIte Score Rank |
Economics and Econometrics 436/696 (Q3) |
| Scopus SNIP |
0,507 |
| 2020 | |
| Total Cites | 275 |
| WoS | |
| Journal Impact Factor |
0,875 |
| Rank by | Economics 325/377 (Q4) |
| Impact Factor | |
| Impact Factor | 0,534 |
| without | |
| Journal Self Cites | |
| 5 Year | 0,500 |
| Impact Factor | |
| Journal | 0,38 |
| Citation Indicator | |
| Rank by Journal | Economics 347/549 (Q3) |
| Citation Indicator | |
| Citable | 37 |
| Items | |
| Total | 37 |
| Articles | |
| Total | 0 |
| Reviews | |
| Scimago | 13 |
| H-index | |
| Scimago | 0,292 |
| Journal Rank | |
| Scimago | Economics and Econometrics Q3 |
| Quartile Score | |
| Scopus | 225/166=1,4 |
| Scite Score | |
| Scopus | Economics and Econometrics 392/661 (Q3) |
| Scite Score Rank | |
| Scopus | 0,668 |
| SNIP | |
| Days from | 289 |
| submission | |
| to acceptance | |
| Days from | 447 |
| acceptance | |
| to publication |
| 2019 | |
|---|---|
| Total Cites WoS |
212 |
| Impact Factor | 0,914 |
| Impact Factor without Journal Self Cites |
0,728 |
| 5 Year Impact Factor |
0,650 |
| Immediacy Index |
0,156 |
| Citable Items |
45 |
| Total Articles |
45 |
| Total Reviews |
0 |
| Cited Half-Life |
3,9 |
| Citing Half-Life |
9,5 |
| Eigenfactor Score |
0,00015 |
| Article Influence Score |
0,052 |
| % Articles in Citable Items |
100,00 |
| Normalized Eigenfactor |
0,01891 |
| Average IF Percentile |
28,437 |
| Scimago H-index |
12 |
| Scimago Journal Rank |
0,439 |
| Scopus Scite Score |
214/165=1,3 |
| Scopus Scite Score Rank |
Economics and Econometrics 355/637 (Q3) |
| Scopus SNIP |
0,989 |
| 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. |
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| ISSN | 0001-6373 (Print) |
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Author:
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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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