The concept of ‘mode of coordination’ captures the way economy is embedded in social relationships and influences the integration of society through an ‘instituted process.’ Three main typical or ideal modes of coordination have been identified in the literature, namely the market, the...

The budget constraint as a bookkeeping identity is a fundamental concept of standard microeconomics. Clower reinterpreted this concept as a rational planning postulate. The notion of soft budget constraint (SBC), formulated for the first time by Janos Kornai (1979) in the context of a socialist...

The purpose of this study is to analyse the genesis and the evolution of the econom­ ics of shortage in Janos Kornai's writings from 1980 (the date of publication of Economics of Shortage) up to 1996 (the date of publication of the trench edition of The Socialist System, the Political Economy...

This note is about Mathilde Maurel's work on the efficiency of the European regionalism both in the aftermath of the First World War and the demise of the Austro-Hungarian empire on the one hand, and the disintegration of the Soviet bloc after 1989 on the other hand.