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Celebrating Janos Kornai

The 90th anniversary of world-renowned economist Janos Kornai (Harvard  University   and   Corvinus University of Budapest) was celebrated by a series of international conferences in 2018. One of these conferences entitled “The Importance of Kornai’s Research Today” was held at the Corvinus University of Budapest on February 21-22, 2018.

Janos Kornai

At the conference Laszlo Zsolnai presented a paper on “Ethics and Market: The Crowding Effect”. He analyzed cases where markets crowd out ethical coordination and pointed out the need for developing institutions for  markets  where  ethical  motivation  and  market coordination reinforce one another.