A Few Notes on the Study by László Csaba

Abstract

In 2013 Akadémiai Kiadó published a volume of studies entitled Minden Egész eltörött, Útter-emtés és Útfüggőség válságos környezetben (Every Whole is Broken Now, Path Creation and Path Dependence in a Crisis-Ridden Environment). József Móczár published an argumentative cri-tique on the matter in the Dispute column of the Public Finance Quarterly (2013/3). The article can be downloaded from the following link: http://www.asz.hu/en/public-finance-quarterly-articles/2013/my-old-horse-carts-running-slow-1. Just reading the argumentative article directed my attention to László Csaba’s study (Theoretical Lessons Learnt from the Euro Area Crisis). I agree with all of László Csaba’s material statements, yet I still think that the questions raised and the answers provided are of extraordinary significance, and must be writ-ten and talked about either in agreement, or partially amended or complemented.