
http://www.ebr.edu.pl/volume17/issue3/2017_3_100.pdf
Janos Kornai was well ahead of mainstream economic thought in comprehending that senior executives have been operating in an intrinsically contradictory situation both in socialist and market-based economies and that there is no full remedy to handle conflicts of interest which arise. Kornai presented a comprehensive theory on this in his most important book, the Anti-Equilibrium, as early as 1971. The difficulties experienced by state-owned enterprises (SOEs) were not rooted merely in the socialist ownership form, but they were, to a significant extent, caused by the fact that SOEs were typically very large firms.
MLA | Mihályi, Peter. "The motivation of business leaders in socialist and market-based systems (An essay to celebrate the 90th birthday of János Kornai) ." Economics and Business Review EBR 17.3 (2017): 100-111. DOI: 10.18559/ebr.2017.3.6 |
APA | Mihályi, P. (2017). The motivation of business leaders in socialist and market-based systems (An essay to celebrate the 90th birthday of János Kornai) . Economics and Business Review EBR 17(3), 100-111 DOI: 10.18559/ebr.2017.3.6 |
ISO 690 | MIHÁLYI, Peter. The motivation of business leaders in socialist and market-based systems (An essay to celebrate the 90th birthday of János Kornai) . Economics and Business Review EBR, 2017, 17.3: 100-111. DOI: 10.18559/ebr.2017.3.6 |