Breaking promises. The Hungarian experience

Kornai, János (2016) Breaking promises. The Hungarian experience. Working Paper. Corvinus University of Budapest Faculty of Economics, Budapest.

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My main aim is to present the phenomena related to fulfilment and breach of promises and the economic, political and ethical problems arising from these. I discuss questions that we all meet with in daily life and see mentioned in the press, other forums of public discourse, gatherings of friends, or sessions of Parliament. There are some who complain that a building contractor has not done a renovation job properly according to contract. Economists argue over the outcome of late repayments on loans advanced for purchasing real estate. Opposition meetings chide the governing party over unfulfilled campaign promises. I am seeking what is common among these seemingly different cases. Can we see identical or similar behavior patterns and social mechanisms in them? Do they lead to similar decision-making dilemmas and reactions?

Item Type:Monograph (Working Paper)
Series Name:Corvinus Economics Working Papers - CEWP
Series Number / Identification Number:2016/08
Uncontrolled Keywords:political promises, economic institutions, behaviour patterns, social mechanisms
JEL classification:H11 - Structure, Scope, and Performance of Government
P10 - Capitalist Systems: General
I31 - General Welfare; Well-Being
N14 - Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913-
ID Code:1638
Deposited By: Ádám Hoffmann
Deposited On:04 Jul 2014 11:40
Last Modified:12 Apr 2016 11:04

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