Hungary's U-Turn

Kornai, János (2015) Hungary's U-Turn. Working Paper. Corvinus University of Budapest Faculty of Economics.

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This article was first published in Society and Economy, 2015. vol. 37. no. 3. p. 279-329. DOI: 10.1556/204.2015.37.3.1


For two decades Hungary, like the other Eastern European countries, followed a general policy of establishing and strengthening the institutions of democracy, rule of law, and a market economy based on private property. However, since the elections of 2010, when Viktor Orbán's Fidesz party came to power, Hungary has made a dramatic U-turn. This article investigates the different spheres of society: political institutions, the rule of law, and the influence of state and market on one another, as well as the world of ideology (education, science and art), and describes the U-turn’s implications for these fields and the effect it has on the life of people. It argues against the frequent misunderstandings in the interpretation and evaluation of the Hungarian situation, pointing out some typical intellectual fallacies. It draws attention to the dangers of strengthening nationalism, and to the ambivalence evident in Hungarian foreign policy, and looks into the relationship between Hungary and the Western world, particularly the European Union. Finally, it outlines the possible scenarios resulting from future developments in the Hungarian situation.

Item Type:Monograph (Working Paper)
Series Name:Corvinus Economics Working Papers - CEWP
Series Number / Identification Number:2015/21
JEL classification:P14 - Capitalist Systems: Property Rights
Divisions:Faculty of Economics > Department of Comparative Economics
Subjects:Economic development
Economic policy
ID Code:2173
Deposited By: Ádám Hoffmann
Deposited On:11 Dec 2015 08:26
Last Modified:11 Dec 2015 08:26

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