Gyürüsi Izabella
In this paper, I would like into provide an insight to the multiple usages of institutional economic theories in assessing economic phenomena and economic processes such as the functioning of the different subsystems of the economy and economic structures. I will base my argumentation on János Kornai’s life work trying to emphasize the broad vision of systemic approach, the wide range of analysing tools provided by his theoretical thinking, and the high explanatory power of his theories.
This paper is influenced and motivated by the launch of the book: Systems, institutions and Values in East and West, which is a rather thought-provoking, and influential book, based on the application and reconsideration of Kornai’s theories with regard to the actual economic processes.
