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Writings of Janos Kornaï -- Section 3: Kornai on Walrasian and Marshallian equilibrium theory -- Chapter 10. Introduction to … Section 3 -- Chapter 11. Janos Kornai and General Equilibrium Theory -- Chapter 12. The Relevance of the Marshallian Concept … complemented his work on economic theory, in particular debates around Walrasian and Marshallian equilibrium theory, is also …
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Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...
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