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János Kornai

János Kornai
Born (1928-01-21) January 21, 1928 (age 89)
Budapest, Hungary
Nationality Hungary
School or
tradition
Institutional and behavioral economics
Contributions Theory of two-level planning
Shortage economy
Information at IDEAS / RePEc

János Kornai, until 1945 János Kornhauser (born January 21, 1928), is an economist noted for his analysis and criticism of the command economies of Eastern European communist states.

Kornai studied philosophy for two years at the Pázmány Péter University (now called Eötvös Loránd University) in Budapest. He gained his knowledge in economics on his own, and holds a candidate degree in the field from the Hungarian Academy of Sciences. He wrote that he chose to become an economist after reading Marx's Das Kapital. He started working in Szabad Nép, the Hungarian Communist Party newspaper, and rose to the rank of editor of news related to the economy, but after a few years of work, he was fired for lack of Communist convictions in April 1955.

From 1958 onward Kornai received many invitations to visit foreign institutions, but he was denied a passport by the Hungarian authorities and was not allowed to travel until 1963, after political restrictions had begun to ease.

From 1967 until 1992 he was a Research Professor at the Institute of Economics, Hungarian Academy of Sciences. He became corresponding member (1976), member (1982) of the Hungarian Academy of Sciences. Kornai joined the faculty of Harvard University in Cambridge, Massachusetts, United States, in 1986 and was named the Allie S. Freed Professor of Economics in 1992. He retired from Harvard in 2002. In the same year, he became a Permanent Fellow of Collegium Budapest, Institute for Advanced Study. He is also a Distinguished Research Professor at Central European University. From 2011 he works also as professor emeritus at the Corvinus University of Budapest.


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