A Reckoning of accounts* Thoughts on Péter Ákos Bod’s Book Péter Ákos Bod is undoubtedly one of the most diligent economists working in Hungary today. During a career of more than four decades to date, not once has he missed an opportunity – or the self-imposed duty – to share his thoughts, feelings, observations and suggestions
One of the most common misunderstandings among those studying economic development theory has been the idea that a weak currency is beneficial for economic development. This old fallacy has regularly been resurrected by practitioners, who are usually found in ailing industries or unions, or among policy makers in search of
In the second decade of the 21st century Hungary faces the challenge of growth on at least three levels. First, economic growth, which grew by an annual 3.9 per cent in 1996–2000 and even by 4.2 per cent in 2001–2006, decelerated to a mere 1 per cent in 2007, i.e
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