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Shortage Economy
"Shortage economy" ( pl, gospodarka niedoboru, hu, hiánygazdaság) is a term coined by Hungarian economist János Kornai, who used this term to criticize the old centrally-planned economies of the communist states of the Eastern Bloc. In his monograph ''Economics of Shortage'' (1980), Kornai argued that the chronic shortages seen throughout Central and Eastern Europe in the late 1970s (and which continued during the 1980s) were not the consequences of planners' errors, but rather systemic flaws. A shortage of a certain item does not necessarily mean that the item is not being produced; rather, it means that the amount of the good demanded exceeds the amount supplied at a given price (see supply and demand). This may be caused by a government-enforced low price which encourages consumers to demand a higher amount than is supplied. However, Kornai concentrated on the role of reduced supply and argued that this was the underlying cause of Eastern European shortages during the 1980s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
János Kornai
János Kornai (21 January 1928 – 18 October 2021) was a Hungarian economist noted for his analysis and criticism of the command economies of Eastern European communist states. He also covered macroeconomic aspects in countries undergoing post-Soviet transition. He was emeritus professor at both Harvard University and Corvinus University of Budapest. Kornai was known to have coined the term shortage economy to reflect perpetual shortages of goods in the centrally-planned command economies of the Eastern Bloc. Biography Kornai was born János Kornhauser on 21 January 1928 in Budapest in a well-to-do Hungarian-Jewish family. The family spent time in an internment camp during the Nazi occupation of Hungary. His father was sent for slave labour and later killed at Auschwitz. Kornai studied philosophy for two years at Pázmány Péter University (now Eötvös Loránd University) in Budapest. Kornai gained his knowledge of economics on his own, and later held a candidate degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paternalism
Paternalism is action that limits a person's or group's liberty or autonomy and is intended to promote their own good. Paternalism can also imply that the behavior is against or regardless of the will of a person, or also that the behavior expresses an attitude of superiority. Paternalism, paternalistic and paternalist have all been used as a pejorative for example in the context of societal and/or political realms and references. Some such as John Stuart Mill think paternalism to be appropriate towards children, saying: Paternalism towards adults is sometimes thought of as treating them as if they were children. Etymology The word ''paternalism'' derives from the adjective ''paternal'', which entered the English language in the 15th century from Old French ''paternel'' (cf. Old Occitan ''paternal'', as in Catalan, Spanish and Portuguese), itself from Medieval Latin ''paternalis''. The classical Latin equivalent was ''paternus'' "fatherly", from ''pater'' "father". Types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Systems
An economic system, or economic order, is a system of Production (economics), production, resource allocation and Distribution (economics), distribution of goods and services within a society or a given geographic area. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of Consumer, consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marxism–Leninism
Marxism–Leninism is a communist ideology which was the main communist movement throughout the 20th century. Developed by the Bolsheviks, it was the state ideology of the Soviet Union, its satellite states in the Eastern Bloc, and various countries in the Non-Aligned Movement and Third World during the Cold War, as well as the Communist International after Bolshevisation. Today, Marxism–Leninism is the ideology of the ruling parties of China, Cuba, Laos and Vietnam (all one-party 'socialist republics'), as well as many other communist parties, while the state ideology of North Korea is derived from Marxism–Leninism. Marxist–Leninist states are commonly referred to as "communist states" by Western academics. Marxism–Leninism holds that a two-stage communist revolution is needed to replace capitalism. A vanguard party, organized through " democratic centralism", would seize power on behalf of the proletariat and establish a one-party socialist state, called the dict ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hoboken, New Jersey
Hoboken ( ; Unami: ') is a city in Hudson County in the U.S. state of New Jersey. As of the 2020 U.S. census, the city's population was 60,417. The Census Bureau's Population Estimates Program calculated that the city's population was 58,690 in 2021, ranking the city the 668th-most-populous in the country. With more than , Hoboken was ranked as the third-most densely populated municipality in the United States among cities with a population above 50,000. Hoboken is part of the New York metropolitan area and is the site of Hoboken Terminal, a major transportation hub for the tri-state region. Hoboken was first settled by Europeans as part of the Pavonia, New Netherland colony in the 17th century. During the early 19th century, the city was developed by Colonel John Stevens, first as a resort and later as a residential neighborhood. Originally part of Bergen Township and later North Bergen Township, it became a separate township in 1849 and was incorporated as a city in 1855 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Stanislaw Gomulka
Stanislav and variants may refer to: People *Stanislav (given name), a Slavic given name with many spelling variations (Stanislaus, Stanislas, Stanisław, etc.) Places * Stanislav, a coastal village in Kherson, Ukraine * Stanislaus County, California * Stanislaus River, California * Stanislaus National Forest, California * Place Stanislas, a square in Nancy, France, World Heritage Site of UNESCO * Saint-Stanislas, Mauricie, Quebec, a Canadian municipality * Stanizlav, a fictional train depot in the game '' TimeSplitters: Future Perfect'' * Stanislau, German name of Ivano-Frankivsk, Ukraine Schools * St. Stanislaus High School, an institution in Bandra, Mumbai, India * St. Stanislaus High School (Detroit) * Collège Stanislas de Paris, an institution in Paris, France * California State University, Stanislaus, a public university in Turlock, CA * St Stanislaus College (Bathurst), a secondary school in Bathurst, Australia * St. Stanislaus College (Guyana), a secondary schoo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Use Of Knowledge In Society
"The Use of Knowledge in Society" is a scholarly article written by economist Friedrich Hayek, first published in the September 1945 issue of ''The American Economic Review''. Written (along with ''The Meaning of Competition'') as a rebuttal to fellow economist Oskar R. Lange and his endorsement of a planned economy, it was included among the twelve essays in Hayek's 1948 compendium '' Individualism and Economic Order''. The article is considered one of the most important in the field of modern economics. Argument Hayek's article argues against the establishment of a Central Pricing Board (advocated by Lange) by highlighting the dynamic and organic nature of market price-fluctuations, and the benefits of this phenomenon. He asserts that a centrally planned economy could never match the efficiency of the open market because what is known by a single agent is only a small fraction of the sum total of knowledge held by all members of society. A decentralized economy thus compleme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Second Economy Of The Soviet Union
The second economy in the Soviet Union was black market or the informal sector in the economy of the Soviet Union. The term was suggested by Gregory Grossman in his seminal article, "The Second Economy of the USSR" (1977).Authority on Soviet economy, Gregory Grossman, passes away . ''Berkeley News''. August 25, 2014. Economist Gerard Roland noted that as Grossman anticipated, "the logic of the second economy tended over time to undermine the logic of the com ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Planned Economy
A planned economy is a type of economic system where investment, production and the allocation of capital goods takes place according to economy-wide economic plans and production plans. A planned economy may use centralized, decentralized, participatory or Soviet-type forms of economic planning. The level of centralization or decentralization in decision-making and participation depends on the specific type of planning mechanism employed. Socialist states based on the Soviet model have used central planning, although a minority such as the former Socialist Federal Republic of Yugoslavia have adopted some degree of market socialism. Market abolitionist socialism replaces factor markets with direct calculation as the means to coordinate the activities of the various socially-owned economic enterprises that make up the economy. More recent approaches to socialist planning and allocation have come from some economists and computer scientists proposing planning mechanisms based on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kolejka (game)
''Kolejka'' (; Polish for "queue" or "line (of people)") is a board game designed by Karol Madaj and launched in February 2011 by Poland's Institute of National Remembrance. It was designed to teach young generations about the hardships under communism (1945–1989), particularly the difficulty of acquiring consumer goods in the shortage economy. The game has been described as inspired by ''Monopoly''. However unlike Monopoly it is not a Roll-and-move game, and instead it utilizes Worker Placement, Set Collection and Take That mechanics. Educational purpose Kolejka is one of several educational and historical games released by Poland's Institute of National Remembrance (IPN). Karol Madaj, the game's creator, said the goal was to "show young people and remind the older ones what hard times these were and what mechanisms were at play". In keeping with its educational goal, the cards illustrate historical goods of the era in which they were sold, and the game is accompanied by a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eastern Bloc Economies
The Eastern Bloc, also known as the Communist Bloc and the Soviet Bloc, was the group of socialist states of Central and Eastern Europe, East Asia, Southeast Asia, Africa, and Latin America under the influence of the Soviet Union that existed during the Cold War (1947–1991). These states followed the ideology of Marxism–Leninism, in opposition to the capitalist Western Bloc. The Eastern Bloc was often called the Second World, whereas the term " First World" referred to the Western Bloc and "Third World" referred to the non-aligned countries that were mainly in Africa, Asia, and Latin America but notably also included former pre-1948 Soviet ally SFR Yugoslavia, which was located in Europe. In Western Europe, the term Eastern Bloc generally referred to the USSR and Central and Eastern European countries in the Comecon (East Germany, Poland, Czechoslovakia, Hungary, Romania, Bulgaria, and Albania). In Asia, the Soviet Bloc comprised Mongolia, Vietnam, Laos, Kampuchea, Nor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Consumer Goods In The Soviet Union
Consumer goods in the Soviet Union were usually produced by a two-category industry. Group A was "heavy industry", which included all goods that serve as an input required for the production of some other, final good. Group B was "consumer goods", final goods used for consumption, which included food, clothing and shoes, housing, and such heavy-industry products as appliances and fuels that are used by individual consumers. From the early days of the Stalin era, Group A received top priority in economic planning and allocation so as to industrialize the Soviet Union from its previous agricultural economy. The consumer industry and Soviet economic development Following the October Revolution of 1917, the economy of the Soviet Union, previously largely agrarian, was rapidly industrialized. From 1928 to 1991 the entire course of the economy was guided by a series of ambitious five-year plans (see Economic planning in the Soviet Union). The nation was among the world's three top ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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