And the first shall be the last

Research output: Contribution to journalArticlepeer-review

Abstract (may include machine translation)

This study analyzes the puzzle of Hungarian economic drifting in a long run perspective. The underlying puzzle for the investigation is why bad policies are invariably popular and good policies unpopular, thus why political and economic rationality never overlap. The first part of the article summarizes in eight points the basic features of the postwar period. Then six lessons are offered, which might be useful for other countries in transition or for students of comparative economics and politics, lessons that can be generalized on the basis of the individual country experience.

Original languageEnglish
Pages (from-to)235-248
Number of pages14
JournalHungarian Studies
Volume25
Issue number2
DOIs
StatePublished - 1 Dec 2011

Keywords

  • Hungary
  • economic policy
  • postcommunism
  • privatization
  • reform
  • transition

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